All eyes are focussed on Jackson Hole this week, in particular Jerome Powell, as investors and economists alike look for further guidance as to when we may see the first interest rate cut in the US.

Whilst there were economic data releases for the market to get their teeth into, this week has been one where markets have been very much driven by corporate earnings releases.

Busier week for data and where better to start here in the UK, where, at the time of writing, the summer appears to have finally arrived. How long it will last is anyone’s guess.

There was good news for the UK economy this week, which grew faster than expected in May. Although a lagging indicator, it was good all the same to see an expansion of 0.4% posted, double the consensus forecast of 0.2%.

In the UK there has been one focus only this week and that is on the General Election. The result is now in and is very much in line with expectations

This was a much quieter week in terms of economic data being released. In the US the focus was on the PCE (personal consumption expenditures) index, being the US Federal Reserve’s (the Fed) preferred measure for inflation