News & Insights
Risks posed by holding cash as interest rates fall
For profesionnal investors INTRODUCTION Inflation has weighed heavily on investment markets for a prolonged period. Central Banks have waged a war against inflation and victory appears imminent as we have seen the most recent inflation readings signalling inflation is...
London & Capital appoints Nicole Ralph as Executive Director
We are delighted to announce the appointment of Nicole Ralph as an Executive Director to our Private Wealth team. Nicole brings over 20 years of experience working with HNW US expats and their families. As a dual US/UK citizen, she has dedicated her career to helping...
The global outlook: inflation continues to trend downward
After a bumpy ride in the first half of 2024, with US inflation surprising marginally on the upside, the downward trend has resumed. The underlying disinflationary forces remain intact, with goods inflation and service sector prices implying lower overall price...
Economic outlook: US and Europe taking divergent paths
The US economic momentum has eased, but the data is consistent with a soft-landing. The labour market is gradually cooling, though monthly nonfarm payroll continue to defy expectations. However, the broader employment data and survey evidence suggest the Federal...
ANDPAPERS Q3 2024 | Cautious easing cycle begins
The first half of 2024 saw a gradual deceleration in economic growth across the western world. In the US, concerns about overheating (which had emerged towards the end of Q1) diminished, and hopes for a soft landing revived. In Europe, momentum remained positive as...
London & Capital Private Investment Office appoints James Barrie as Executive Director
We are delighted to announce the appointment of James Barrie as an Executive Director to our Private Investment Office team. James brings nearly a decade of experience working with Ultra High Net Worth (UHNW) individuals and families. Prior to joining London &...
London & Capital appoints Helen Butterfield as Executive Director
We are thrilled to announce the appointment of Helen Butterfield as an Executive Director to our Private Wealth team. With over two decades of experience catering to High Net Worth (HNW) and Ultra High Net Worth (UHNW) clients and families, Helen joins us from Coutts,...
From caution to cuts: how major Central Banks are adjusting their strategies
Market expectations had moved rapidly in the final few weeks of 2023, discounting almost seven rate cuts by the US Federal Reserve (Fed) in 2024. Our base case was more cautious, and the market has now rebalanced, discounting three 0.25% cuts which is consistent with...
Navigating inflation in 2023
In the second half of 2023, there was a significant drop in both headline and core prices across most economies, although a bumpier ride in the first half was inevitable and US inflation has surprised marginally on the upside over the past couple of months. However,...
Economic forecast: US optimism vs. European concerns
The economic performance in the US has been encouraging, with indicators pointing towards a soft-landing scenario - robust job growth, continuing support from fiscal policy, higher real income growth (largely a function of lower inflation) and a positive wealth impact...
ANDPAPERS Q2 2024 | DIVERGENT PATHS: 2024 Economic Odyssey
Since the US Fed started raising rates in 2022 to tackle inflation, the US economy has demonstrated remarkable resilience. This resilience can be attributed to several factors: Consumers have benefited from tight labour markets and amassed significant cash reserves...
Navigating the year of transition
Productivity, Labour Markets, and Central Banks Amongst others, the underlying issues that matter to the trajectory of growth include productivity, investment and labour market trends. The US is seeing higher productivity, but it seems to be an exception. There is...