By Greg Smith on Monday, February 12th, 2018
in Market InsightsGBP The big news last week was the Bank of England hinting that UK interest rates would increase sooner than markets expected. Growth forecasts were raised and the quarterly inflation report suggested inflation will remain above target. This led sterling higher across the board but comes against a backdrop of weaker economic data. Manufacturing and […]
By Greg Smith on Monday, February 5th, 2018
in Market InsightsGBP It will be the first ‘Super Thursday’ of the year and markets will be closely watching whether any Monetary Policy Committee members vote for a hike. Any shift will alter the markets expectation that we don’t see a rate hike until July. We expect a rate hike later this year but there is a […]
By Greg Smith on Monday, January 29th, 2018
in Market InsightsGBP In May 2016, the Treasury published estimates of how the UK economy react over two years if the UK voted to leave. Relative to a baseline given no change, the prediction was for the economy to be 3.6% smaller, unemployment to rise by 520k, public sector borrowing to be £24bn higher and for sterling […]
By Greg Smith on Monday, January 22nd, 2018
in Market InsightsGBP Sterling continues its strong run against the US Dollar, having come close to 1.40 last week. It remains questionable whether this is sterling strength or Dollar weakness. My view is Dollar weakness, which failed to be dented last week by the poor UK retail sales and inflation figure last week. Inflation was down slightly […]
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