A family business
As the US dollar approaches its highest level since 2002 relative to a trade-weighted basket of other global currencies, we must question how much further it is likely to rise and the potential impact of a change in direction.
Last week we saw China publish an economic growth rate of 6.9% for 2015. This was in line with financial market expectations and marginally below the Chinese state’s official target.
Managing Partner Alexander Hoare publishes his Winter Letter to customers in which he discusses notable topics from the past few months and looking ahead.