Better-than-expected GDP provides solace but no insight
Preliminary GDP numbers for the second quarter have raised hopes slightly that the UK economy was on a better footing heading into the EU referendum than had been expected.
Preliminary GDP numbers for the second quarter have raised hopes slightly that the UK economy was on a better footing heading into the EU referendum than had been expected.
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A composite measure of UK output fell to an 87-month low largely on the back of ongoing uncertainty about Brexit, Markit announced on Friday.
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No changes to the European Central Bank’s monetary policy stance was announced at its meeting on Thursday; as it chose to maintain the deposit rate at -0.4%.
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The United Kingdom’s unemployment rate fell to 4.9% in the three months to May, according to the Office for National Statistics.
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Moody’s has issued a bearish forecast for the United Kingdom’s GDP growth over the coming two years.
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Inflation in the United Kingdom edged up to 0.5% year-on-year in June from 0.3% the month before, the Office for National Statistics reported today.
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The Bank of England’s Martin Weale has hinted he is not ready to vote for cutting the headline interest rate at the Monetary Policy Committee’s next meeting.
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An MSCI report has examined the investment implications of the rise of populism around the world, and found that multi-asset portfolios could lose as much as 11% of their value as a result.
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The Bank of England’s Monetary Policy Committee has surprised commentators by voting 8-1 to keep interest rates on hold at 0.5%.
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Britain’s new prime minister Theresa May has appointed former foreign secretary Philip Hammond as chancellor of the exchequer with experts predicting he may delay long-awaited reforms to non-UK domiciles.
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The investable universe post the Brexit vote has expanded greatly and is “ripe” for barbell strategies, despite a likely UK recession, according to Eclectica’s Hugh Hendry.
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Millennials are more likely to turn to robo-advice than a financial adviser for help with their personal finances, new research suggests.
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