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Economic Update 28 Apr 2025 7 minute read
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UK economy's growth projections decrease as global tariff fallout continues

Last week brought notable macroeconomic developments, including the widely anticipated interest rate cut from the European Central Bank and the UK’s lower...

Economic Update 28 Apr 2025 6 minute read
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Dollar under pressure as GBPUSD and EURUSD hit multi-month highs​

Last week brought notable macroeconomic developments, including the widely anticipated interest rate cut from the European Central Bank and the UK’s lower...

Economic Update 14 Apr 2025 8 minute read
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Recent volatility dominates currency markets with US-China trade tensions in focus

It’s another quiet week on the UK data front, but that hasn’t stopped the pound from coming under pressure. Since President Trump’s surprise tariff announcement last week, markets have shifted into risk-off mode, favouring safer assets and putting the pound...

Economic Update 07 Apr 2025 6 minute read
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Key week for US data and Fed sentiment amidst tariff fallout

It’s another quiet week on the UK data front, but that hasn’t stopped the pound from coming under pressure. Since President Trump’s surprise tariff announcement last week, markets have shifted into risk-off mode, favouring safer assets and putting the pound...

Economic Update 31 Mar 2025 7 minute read
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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
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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
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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
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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
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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...