Investors plough savings into the market to dodge rock-bottom rates
While the pandemic has wreaked havoc on vast swathes of British business, trading firms are in the pink. Households are estimated to have built up around £100billion of extra cash in lockdown as spending on everything from travel to meals out evaporated. Many of these 'accidental savers' have looked for ways to put this money to work – and with interest rates at record lows, the volatile world of the financial markets has become a tempting alternative. IG Group, headed by banker June Felix (pictured), one of the few female chief execs on the FTSE 250, has seen its active client list swell ...
Source: thisismoney.co.uk