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Breaking: BoE keeps interest rate on hold in split vote

The Bank of England (BoE) announced that it left the policy rate unchanged at 5.25% following the September policy meeting. Markets were expecting the BoE to raise the interest rate by 25 basis points to 5.5%.

The BoE’s Monetary Policy Committee (MPC) voted 5-4 in favor of holding the policy rate steady. Governor Bailey, policymakers Broadbent, Dhingra, Pill and Ramsden voted to hold, while Cunliffe, Greene, Haskel and Mann wanted to lift the key rate to 5.5%. The MPC also voted to reduce the stock of gilts by 100 billion GBP in 12 months starting October.

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Novus Black Fund UK LTD is a UK limited company with the company number, 14091422, and registered address, Suite 3, Park House, Lancaster Way Earls Colne Business Pk Airfield, Colchester CO6 2NS

Novus Black Fund UK Ltd is managed by MCI Global Investment Advisors Limited, an FCA Regulated AIFM with FRN: 948996

Investments into this fund will not have any protection from the Financial Services Compensation Scheme. Do not invest unless you’re prepared to lose all the money you invest. 
This is a high-risk investment. Take 2 minutes to learn more…

Important Notice Regarding Regulatory Requirements Imposed on MCI Global Investment Advisors Limited

The Financial Conduct Authority (FCA) has granted MCI Global Investment Advisors Limited’s (FRN 948996 (MCI) application to place requirements on it, which will impact the management of Novus Black Fund Ltd (NBF). These regulatory actions are intended to protect the interests of investors.

Key Details of the Requirements:

Novus Black Fund UK Ltd:

  • No new activity will be conducted on any broker accounts held for NBF.
  • All open positions at brokers will be closed, including the netting off of any fully hedged positions.
  • Daily reporting of the broker account balances will be provided to the FCA until further instructions are received.
  • Broker balances will be transferred in accordance with FCA written instructions.

More details of these requirements are available on MCI’s Financial Services Register entry
at:  https://register.fca.org.uk/s/firm?id=0014G00002fd8htQAA

A further update will follow in due course.

MCI Global Investment Advisors Limited