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"Their balance of payments is terrible; their government debt is terrible; their fiscal debt is terrible," Mobius said.
‘The market appears more relaxed than it is’ — Traders shunning the UK because of Brexit are in for a pound ‘tsunami’
"The market appears more relaxed than it is."
Chinese stocks slipped, Europe was mixed, and US futures gained before the Fed decision. Investors are navigating a minefield of market catalysts.
‘Like playing darts while riding a unicycle’: Markets just don’t know what to make of UK politics right now
London traders are struggling to make sense of the shocking move by Prime Minister Theresa May's own party to try and oust her from power.
The interest rate hike was largely priced in as the central bank tries to rein in inflation, so any dramatic movement in the pound on the day was unlikely.