2023 July Economic Review

Macro Backdrop Markets remain keenly attentive to inflation and its implications for interest rates. US headline inflation dropped to 4% in May, predominantly due to lower energy prices. Core inflation, which excludes energy and food, declined to 5.3%, a low not seen since November 2021. UK inflation decreased in April to 8.7% (surpassing expectations) but […]

2023 January Economic Review

Global stock markets delivered a largely flat performance over the past three months, with the positive momentum seen at the end of 2022 being offset by renewed concerns about further interest rate hikes. The UK inflation rate continued to fall, but remained close to 40-year highs Unseasonably warm weather in the UK and Europe caused […]

2022 October Economic Review

Global stock markets were negative once again as investors became increasingly worried about the energy crisis, high inflation and slower economic growth. Liz Truss was elected leader of the Conservative Party and succeeded Boris Johnson as UK prime minister, but resigned 45 days into her tenure following a disastrous fiscal plan. Stock and bond markets […]

2021 July Economic Review

Economies continued to recover from the pandemic at different rates around the world, with infection rates rising in some regions Stock markets in Europe and the US led the way, while Asia and the emerging markets struggled Inflation in the UK increased to 2.5%, its highest level since 2018 Since the start of May, there […]