Back to all News

Weekly updates

Economic Update 31 Mar 2025 7 minute read
Read more

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
Read more

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
Read more

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
Read more

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
Read more

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
Read more

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
Read more

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...

Economic Update 10 Feb 2025 8 minute read
Read more

More tariffs signal potential boost for USD

The US Dollar continues to be influenced by recent US policies. In his fourth week, President Trump is expected to introduce a 25% import tax on all steel and aluminium imports. Whilst onboard Air Force One, he also stated that reciprocal tariffs will be introduced to match tariffs imposed by other...

Economic Update 03 Feb 2025 5 minute read
Read more

Market uncertainty following Trump's tariff announcement on Canada, Mexico and China

The currency and stock markets have seen considerable volatility at the market open today following US President Donald Trump's weekend announcement of a string of import tariffs to Canada, Mexico, and China, with a clear statement that Europe will be next.