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Ear to the Ground
The good, the bad, but hopefully not the ugly. The UK had news this week which quite nicely fits into all three categories.
Ear to the Ground
Economic data has been thinner on the ground over the last week. That which we have seen, however, appears to suggest that a US recession remains on the horizon.
Ear to the Ground
We start with the UK this week where, as expected, the Bank of England hiked rates by a further 0.25% to 4.5%. This was the 12th consecutive rise, with there again being split opinion, with 7 voting in favour of the hike whilst 2 voted in favour of no change.
Ear to the Ground
It was more about economic growth rather than inflation when it came to data released and there were a few surprises. In the US we saw the release of the first estimate for first quarter GDP.
Ear to the Ground
It was more about economic growth rather than inflation when it came to data released and there were a few surprises. In the US we saw the release of the first estimate for first quarter GDP.
Ear to the Ground
Further interest rate hikes were back on the cards in the UK after stronger than expected UK inflation data. Firstly we had average earnings figures where, excluding bonuses, we saw a 6.6% increase, year on year.
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