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ONS record growth in wages shows UK ‘in a state of flux’ – reaction from finance and other experts
This morning’s announcement from the ONS that wages in the UK grew at a record rate in Q2 with regular wages growing by 7.8%, the highest since records began back in 2001.
The World In A Week – Summer Prints
Written by Millan Chauhan. Last week, we saw the release of US inflation data where the US Consumer Price Index reached 3.2% on a year-over-year basis as of July 2023 which was below expectations of…
The World In A Week – A mix of opportunities and challenges
Written by Ilaria Massei Fitch Ratings downgraded the credit rating of US government debt from AAA to AA+, citing governance and fiscal challenges. The news encouraged some investors to take profits…
The World In A Week – Interesting Developments in Asia
Written by Cormac Nevin. Markets were rather muted in Europe and the US last week, with the FTSE All Share Index of UK Equities up +0.3%, the MSCI Europe Ex-UK Index of Continental European Equities…
The World In A Week – Moving in the right direction
Written by Millan Chauhan. In the UK, headline inflation for June was lower than expected at 7.9% year-on-year, the lowest level since March 2022, and ended a five-month run where inflation came in…
UK inflation holds at 8.7% after two months of falls
Core CPI rose by 7.1% in the 12 months to May, up from 6.8% in April, and the highest rate since March 1992.
The World In A Week – Game, Set & Match for Inflation in US?
Written by Chris Ayton. As a classic but relatively wet Wimbledon fortnight ended, with nearly 200,000 servings of strawberries having been eaten, global equity markets were in no mood to be…
UK economy shrinks by 0.1% in May raising chances of further interest rate hikes: reaction
News released by the Office for National Statistics (ONS) today has shown that UK GDP shrank by 0.1% in May 2023.
UK wage growth hits 7.3%: ‘We have not reached the end of the hiking cycle’
UK wages have continued to grow this month, with regular pay without bonuses hitting 7.3%, adding to recent arguments the Bank of England is set to continue raising rates.
The World In A Week – Minutes change by the hour
Written by Millan Chauhan. Last Wednesday, we saw the Federal Reserve’s meeting minutes released which provided further insight into policymakers’ decision making and outlook. In June, Federal…
The World In A Week – US data spreading optimism
Written by Ilaria Massei. Last week saw a heavy economic calendar in the US, with the release of many economic indicators contributing to a boost in market sentiment. Inflation data showed a fall in…
The World In A Week – The BoE threads the needle
Written by Cormac Nevin. The Monetary Policy Committee of the Bank of England (BoE) met last week at Threadneedle Street and decided to raise the Bank Rate by 0.5%, from 4.5% to 5.0%. This was most…
