Wow, there’s a lot to cover this week but I shall try to keep things short, sweet and targeted for you.

Obviously, the biggest global news was the US election on Tuesday where we saw Donald Trump reelected. For many of us on this side of the Atlantic, there are a number of internal US policies that seem extreme (and possibly worrying) but do not actually impact our day to day life or our investments.

US Markets have reacted very well to the results (see the graphs below) as Trump’s Make America Great Again focus should provide support for US companies.

Conversely, his strong stance on import tariffs has had the opposite impact on UK, EU and foreign markets. This is likely to be the policy area that has the most impact on us, the proposed high tariffs will likely drive inflation higher in the US and have an impact on companies who do business with the US. 

In UK-centered news, the Bank of England has announced another interest rate cit to 4.75%. Good news for variable rate mortgage holders but not so good for cash savers, see the cash savings table below – rates are starting to creep down. If you need to lock some cash away for 2 year money goals, I would suggest that you should be looking to secure a good rate sooner rather than later! Not sure what to do? I can help.