By Greg Smith on Monday, August 1st, 2022
in Blog, Market Insights
GBP – Bank of England to hike, but will it be 50bps? The Bank of England’s Monetary Policy Committee provide their latest update with a sixth rate hike in a row expected. The previous five hikes have been 0.25%, but there is a chance this time that they could raise rates by 50bps. Since June, […]
By Greg Smith on Tuesday, July 19th, 2022
in Blog, Market Insights
GBP – Inflation print and Final two potential Prime Ministers Following Boris Johnson’s resignation, the Conservative leadership contest will be closely watched. The party’s MPs are set to decide on the final two candidates by Thursday. Ahead of that, there are televised debates. So far the reaction has been limited, though some of the tax […]
By Greg Smith on Monday, July 11th, 2022
in Blog, Market Insights
GBP – Boris Johnson resigns, replacement process underway Boris Johnson resigns as Prime Minister, with the party eventually turning on him. This week, the Conservative Party’s 1922 Committee will confirm the timetable and process to choose a new Prime Minister. The expectation is that the process will be complete with a new leader/PM in place […]
By Greg Smith on Monday, July 4th, 2022
in Blog, Market Insights
GBP – BoE decision-makers panel to inform MPC This week, we will see the results of the BoE decision-makers panel. This is a survey of the views of businesses and the results will likely have an impact on the Monetary Policy Committee’s August decision. The MPC will be looking for signs of inflation pressures easing […]
By Greg Smith on Monday, June 27th, 2022
in Blog, Market Insights
GBP – Uncertainty continues as growth slows The main theme of uncertainty within the global outlook remains and we expect volatility to continue across most markets. The markets are now shifting expectations towards a slowdown in growth with potential peaks in inflation and interest rates. Last week, we saw the PMI data steady and consistent […]
By Greg Smith on Monday, June 20th, 2022
in Blog, Market Insights
GBP – Bank of England hike 0.25% but remains cautious Last week, the Bank of England hiked rates by 25bps for the fifth time in a row. Although the BoE started hikes earlier than many central banks, their steady pace of hikes and emphasis on the balance between growth and inflation leave it looking more […]
By Greg Smith on Monday, June 13th, 2022
in Blog, Market Insights
GBP – Bank of England to hike for 5th consecutive time This week we will see the latest Bank of England policy update with another rate hike expected. This will be a fifth consecutive 25bps hike to leave the base rate at 1.25%. There is likely to be a split in voting with differing views […]
By Greg Smith on Monday, June 6th, 2022
in Blog, Market Insights
GBP – Sunak increases support as PMI surveys show a slowdown The most recent PMI surveys suggested a slowdown in business activity in May. On the Services reading, this was particularly large, dropping from 58.9 to 51.8. This is expected to be due to the war in Ukraine and China’s lockdowns, as well as […]
By Greg Smith on Monday, May 23rd, 2022
in Blog, Market Insights
GBP – PMIs to show solid growth even with inflation at 9% Uncertainty high inflation (now 9%)and the impact on growth continue to be the main theme across most markets. The Bank of England has been raising rates at each meeting, but it is unclear whether it will do again in June. Comments from BoE […]
By Greg Smith on Monday, May 16th, 2022
in Blog, Market Insights
GBP – Inflation and Cost of living squeeze This week, the inflation report for April will show a large rise to 9% as the energy cap moves higher. In March, we saw inflation rise to 7% with higher food prices and energy contributing to driving a higher rise. Inflation is rising outside of these areas, […]
