Morgan Stanley launches impact class of money market fund shares; GreenRock Wealth Management announces free professional financial planning portal; MSCI launches index for investors seeking net-zero transition progress; and more.
<p><span>Conventional wisdom has it that higher interest rates make a currency more attractive to foreign investors, whereas a weaker exchange rate can be good news for export-oriented economies. Neither is true for the United Kingdom right now. Despite the Bank of England is expected to raise its base rate to similar heights as US federal funds, the pound could extend its recent losses against its American rival even further. And although a weaker currency has been good news for British blue chips in the past (e.g., after the Brexit referendum), the UK’s large trade deficit is likely to put more downward pressure on the pound, while also fueling inflation. Our stress tests generated in </span><a target=" blank" href="https://qontigo.com/products/axioma-risk/"><b>Axioma Risk™</b></a><span>, therefore, indicate that additional stock market losses could well be in store. </span>
Qontigo wins the best risk management solution category in this year’s WatersTechnology Asia Awards on the back of its Axioma Risk cloud-based portfolio risk