This week could potentially best be described as a week of confirmation. The increase in the cost of living has, for a number of months, been expected to have a detrimental impact on economic growth and we have started to see than come through in economic forecasts.

Economic data has been on the quieter side this week relative to the recent barrage which we have had over recent weeks. Wednesday did however see the release of the latest US Federal Reserve minutes. There was nothing really new

Inflation again took centre stage in the UK this week, with the annual CPI inflation rate jumping to 9% in April, the highest level since 1982. Month on month inflation rose by 2.5%, with the key contributor being housing and household services, with cost of renting, mortgages and household bills all on the rise.

This week saw the release of preliminary of GDP figures for the UK. We saw growth of 0.8% growth quarter on quarter, supported by an increase in demand for services, manufacturing and household consumption. Growth was behind…

Central banks were back in the limelight this week. Sound familiar? On Thursday the Bank of England raised the base rate by 0.25% to 1%, in line with market expectations. This was the 4th consecutive…

The market was caught off guard yesterday when US economic growth for Q1 came in much weaker than expected. The economy contracted by an annualised 1.4% in the quarter. This was well below the 6.9% annualised rate…