- Currency manager Record said its assets under management rose by 2.2% in the second quarter to $61.2b compared to the first quarter.

AUM expressed in sterling, however, fell by 1.1% to £45.6b.

"The theme of volatility in currency markets linked to political and economic uncertainty continues, and the consequent uncertainty provides opportunities for engagement with both existing and potential clients," chief exeutive James Wood-Collins said.

"We remain confident of making further progress in the second half of the financial year."

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