By Greg Smith on Monday, March 13th, 2023
in Blog, Market InsightsGBP – Budget to provide support to the UK economy The big news expected this week is Chancellor Jeremy Hunt’s first Budget on Wednesday. Government borrowing is expected to be lower due to a stronger tax take and lower wholesale energy prices. If this is the case and borrowing is around £30bn lower than predicted, […]
By Greg Smith on Monday, March 6th, 2023
in Blog, Market InsightsGBP – UK GDP to show a steady increase The main data we will be watching is an expected rebound in January GDP. In December, UK GDP recorded a 0.5% drop, with expectations of a 0.3% increase for January, mainly led by positive services, with less strike activity. Construction output is likely to be higher, […]
By Greg Smith on Monday, February 27th, 2023
in Blog, Market InsightsGBP – Energy cap falls, but won’t bring inflation lower until summer The expectations for further central bank rate hikes increased last week, with data suggesting economic activity is in better shape. The PMI reading for February showed a strong increase back to growth at 53.3. The manufacturing measure also returned to expansion. Consumer confidence […]
By Greg Smith on Monday, February 13th, 2023
in Blog, Market InsightsGBP – Inflation to fall again, slowly This week, all eyes will be on the inflation figures which are expected to fall for a third month in a row. It may still stay above 10% with forecasts of 10.1%, though this is showing a slower decline than in the US and Europe. Core inflation will […]
By Greg Smith on Tuesday, February 7th, 2023
in Blog, Market InsightsGBP – Bank of England raises rates 0.5% Last week, we had a busy week of central bank updates and rate hikes. The message from all of the central banks was that inflation has probably peaked providing another lift to market sentiment. That has reinforced market expectations that interest rates are close to or at […]
By Greg Smith on Monday, January 30th, 2023
in Blog, Market InsightsGBP – Bank of England to hike rates to 4% This week the big questions will be answered by three major central banks regarding how much they will hike rates. The Bank of England is widely expected to raise rates by 0.5% again to 4%. The majority of the panel will likely point to inflation risks. […]
By Greg Smith on Monday, October 1st, 2018
in Market InsightsGBP – Conservative’s Party Conference Last week saw a significant focus on the Labour Party Conference which came to an end on Wednesday. There was relatively little reaction from the market, though there was a push for a general election, suggestions of a further referendum on Brexit and rejection of Prime Minister May’s Chequers arrangement. […]
By Greg Smith on Monday, September 24th, 2018
in Market InsightsGBP – Conservative’s Party Conference Last week saw a significant focus on the Labour Party Conference which came to an end on Wednesday. There was relatively little reaction from the market, though there was a push for a general election, suggestions of a further referendum on Brexit and rejection of Prime Minister May’s Chequers arrangement. […]
By Greg Smith on Monday, September 17th, 2018
in Market InsightsGBP – May at EU Summit Brexit negotiations appear to be making progress. More positive comments have shifted expectations to an agreement being reached by the November summit. Even if this timetable doesn’t slip further, there will still be a number of hurdles, including passing through parliaments. There is scope for further progress this week […]
By Greg Smith on Monday, September 10th, 2018
in Market InsightsGBP – MPC likely watching data The data out for the UK last week was mixed, with August manufacturing and construction PMIs lower in July. Services PMI, however, rose by more than expected leading to a rise in the composite. Today we will see the first indications of GDP growth in the third quarter. Monthly […]
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