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...