Economic Update 22 Jul 2024 9 minute read
Sterling falls after retail decline and Dollar gains on election news
The pound saw some corrections in value at the end of last week after Friday's UK retail sales showed weaker-than-expected spending for June. Sales volumes dropped by 1.2% versus the anticipated -0.6%, with the cooler, wetter weather...
Economic Update 15 Jul 2024 6 minute read
Does GDP growth data point to UK economic recovery?
England woke up deflated this morning, having almost secured a possible bank holiday with their first Euros win after Spain narrowly clenched the lead and the tournament. In more positive news, the UK has continued to see better economic recovery, with last Thursday's Q2 GDP, which was previously forecast at 0.2%, came in higher at...
Economic Update 08 Jul 2024 7 minute read
Labour's Decisive Victory Shakes Up UK Politics; Market Reactions and Global Implications
Labour secures a historic victory in the UK general election, leading to significant market optimism and policy shifts. Meanwhile, France faces political uncertainty post-election, and the US economy shows signs of cooling with crucial data releases ahead.
Economic Update 01 Jul 2024 11 minute read
Focus shifts to UK Election on Thursday
It was great to see the England football team's strong start at the Euros last night! Outside of the usual moral boost successful sporting events have, according to a report by Voucher Codes, the tournament is expected to provide a £2.75bn boost to the UK economy, from food and drink sales to electricals, souvenirs, and garden cooking. Last week was eventful - regarding both currency volatility and the...
Economic Update 24 Jun 2024 6 minute read
Inflation Hits Target, BoE Holds Rates Amid Election Uncertainty
It was great to see the England football team's strong start at the Euros last night! Outside of the usual moral boost successful sporting events have, according to a report by Voucher Codes, the tournament is expected to provide a £2.75bn boost to the UK economy, from food and drink sales to electricals, souvenirs, and garden cooking. Last week was eventful - regarding both currency volatility and the...