Economic Update 14 Apr 2025 8 minute read
Recent volatility dominates currency markets with US-China trade tensions in focus
It’s another quiet week on the UK data front, but that hasn’t stopped the pound from coming under pressure. Since President Trump’s surprise tariff announcement last week, markets have shifted into risk-off mode, favouring safer assets and putting the pound...
Economic Update 07 Apr 2025 6 minute read
Key week for US data and Fed sentiment amidst tariff fallout
It’s another quiet week on the UK data front, but that hasn’t stopped the pound from coming under pressure. Since President Trump’s surprise tariff announcement last week, markets have shifted into risk-off mode, favouring safer assets and putting the pound...
Economic Update 31 Mar 2025 7 minute read
Political tensions and packed data calendar for the US
It’s a quiet week ahead for UK data releases, meaning GBP movement may remain relatively muted. Markets continue to digest the impact of Chancellor Rachel Reeves’ Spring Statement, with attention now shifting to how those changes will...
Economic Update 24 Mar 2025 7 minute read
UK spending cuts loom as borrowing overshoot hits £20.4 billion
Last week, the Bank of England adopted a slightly more hawkish stance than anticipated, with only one policymaker advocating for an immediate rate cut. The Monetary Policy Committee maintained its benchmark rate at 4.5% with an 8-1 vote split, as only Swati Dhingra called for...
Economic Update 17 Mar 2025 6 minute read
A challenging road ahead for the Fed, with slowing economic growth, sticky inflation, and trade tariff uncertainty
The GBP has demonstrated robust performance in early 2025 but has recently stabilised against other major currencies. Although it seemed relatively unaffected by last week's GDP growth data, when it came in below expectation, revealing the UK economy...
Economic Update 03 Mar 2025 9 minute read
Market volatility rises amid US tariff policies
US President Donald Trump has referred to the US economy as being in 'transition' following another week of policy changes and announcements that have brought broader market uncertainty and...
Economic Update 03 Mar 2025 6 minute read
Sterling and euro pick up and the market closely watches Ukraine developments
The Pound remained well-supported against its peers last week, reaching its highest level since mid-December against the Dollar on Thursday and its highest levels since last December against the...
Economic Update 24 Feb 2025 8 minute read
German election result boosts EUR
The German federal elections were held yesterday and saw the centre-right Christian Democrats (CDU/CSU) leading with 28.5% of the vote. The far-right Alternative for Germany (AfD) secured over 20%, while Chancellor Olaf Schulz’s centre-left Social Democrats (SPD) had their worst result since 1887, with just 16.4% of the vote. The election outcome
Economic Update 17 Feb 2025 7 minute read
UK CPI forecast to rise, inflation concerns persist
The pound has started this week on the front foot as it trades just shy of 2-month highs. Concerns have somewhat abated about the impact on the British economy of US President Donald Trump’s tariffs and Sterling’s strength follows...