This is reflected in the strengthening US dollar, which has risen roughly 7 per cent compared with sterling, according to Neptune head of US equities Felix Wintle.
He elaborates: “We believe the US dollar is at the beginning of a structural bull market. The European Union is contemplating embarking on QE, the Bank of Japan is dramatically increasing its QE programme and China cut interest rates in November, yet the US has just finished its QE programme.
“This shows how far ahead of the rest of the world the US is in terms of its recovery and continued economic progression, and this is very dollar bullish.”
There were a lot of expectations on the US central bank going into 2015, but there is also considerable confidence in its ability to steer the US economy into an era of tighter monetary policy.
Ellie Duncan is deputy features editor at Investment Adviser
