World’s Biggest Sovereign Wealth Fund Committed to UK

The world’s biggest sovereign wealth fund will continue to invest in the U.K. no matter what the outcome of Brexit talks.“We remain a long-term and committed investor in the U.K. in all asset classes,” Chief Executive Officer Yngve Slyngstad said at a press conference in Oslo, where the Norwegian fund is based.Macron Sort of Likes the Sound of Corbyn’s Plan: Brexit Update“We have a substantial real estate portfolio in London and we have a substantial investment in the equity markets and the fixed income markets,” he said. “And these will remain at about the same level no matter what the event with regards to these political discussions will be.”

Source: $1 Trillion Fund Committed to U.K. No Matter What Brexit Outcome – Bloomberg

Will Dollar Rally or Fade on Fed Powell’s Comments?

Spotlight on Powell

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.