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MGHC M&G High Cap

0.04
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
M&G High Cap LSE:MGHC London Ordinary Share GB0005532709 CAP SHS 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.04 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

EUR/GBP Parity Not an "Excessive" Call -- Market Talk

05/07/2016 5:29pm

Dow Jones News


M&G High Income (LSE:MGHC)
Historical Stock Chart


From Apr 2019 to Apr 2024

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1600 GMT--There is "no respite in prospect" for sterling. After EUR/GBP easily broke above 0.85, parity "does not seem all that excessive a call any more", says Audrey Childe-Freeman, founder and chief strategist at FX Knowledge. EUR/GBP hit a near three-year high of 0.8550 on Tuesday, while it will "only be a matter of time" before GBP/USD breaks below $1.30, leaving it targeting $1.25. GBP/USD fell to a 31-year low. The falls follow Standard Life, Aviva and now M&G announcing they were suspending trading in commercial property funds as investors pulled out. A weakening U.K. housing sector "usually comes hand in hand with GBP weakness," she says. "The broad U.K. housing sector outlook ... has turned bleak post-Brexit and this may have significant implications for the U.K. macro-economic context." (jessica.fleetham@wsj.com)

 

(END) Dow Jones Newswires

July 05, 2016 12:14 ET (16:14 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

1 Year M&G High Income Chart

1 Year M&G High Income Chart

1 Month M&G High Income Chart

1 Month M&G High Income Chart

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