Five things investors learned last week
- 21 December 2013
1) The Federal Reserve has started tapering by $10bn a month with markets calm and even benefiting.
2) Yet Bank of England governor Mark Carney acknowledges the great risks to the economy of unwinding quantative easing.
3) Hargreaves Lansdown has suggested the Invesco Perpetual allows free switches from its funds into Neil Woodford’s new venture as Citywire reports.
4) UK growth continues to be revised up with the ONS saying September2012 to September 2013 saw growth was 1.9% as it revised figures for previous quarters.
5) Gold has suffered its largest falls in 30 years in 2013 as Investment Week reports.
- Government rolls out consultation on the Bank of England's powers over the UK's housing market
- Pension scammer warning as 77% say they don't know the difference between pension income reforms and pension liberation
- The ECB has missed the opportunity to end the European crisis
- Official numbers suggest strong rise in pension take-up as auto-enrolment gains traction
- E.ON launches cheapest energy deal on the market as 'big six' rise to the challenge of the smaller firms
- Average UK house prices climb to all time high but growth rate eases significantly
- Selling may not be the best policy when a star fund manager quits
- Two "highly competitive" savings deals hit the streets
- Barclays sets aside £500m for FX "investigations" as profits rise 5%
- Why UK monetary policy is still loosening