Yet another reminder, should one be needed, of how quickly things can and will change. A nod and a wink in the right direction from himself and/ or an underling can provide the solace the money men crave and turn a plummet into, if not a soar at this stage, then certainly a bounce. Trump had sought and gained the power to be able to sack the head of the Fed and so control interest rates himself. This, in many an economy, think Turkey and Latin America, has collapsed many a currency and led in short-order to hyper inflation, something surely inconceivable in the soon to be Great Again US. The nod was to say, of course he wouldn’t do this, the wink, of course we can’t carry on with 150% tariffs on China. None of this worth further speculation, save to say that, just as you never know when it will go down, you can never know, particularly now, when it will go up again. So stay invested is the continuing advice.
“Reeves backs down on plans to cut ISA limit”
So it looks as though Cash ISAs are safe for the moment (FTM – is that a thing?) Rachel has apparently ‘bowed to pressure’ from the banks and building societies and decided not to reduce the allowance to £4,000 for cash and to keep the £20,000 parity with Stocks and Shares ISAs. Bowed also to common sense, I’d say.
