Latest News and Articles
Welcome to the latest edition of Caves Quarterly, where we review key market and financial news from the last few months, and look ahead to the future. In this edition, we explore the main takeaways from the Spring Budget, as well as the probable lowering of interest rates in 2024 and potential effects on your…
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It was announced this week that the UK economy grew for the second month in a row in February. Gross domestic product (GDP) rose 0.1% in the month, causing optimism that the UK’s technical recession may be coming to an end. Although we have now seen two consecutive months of increases, GDP still remains below…
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UK shop price inflation released this week provided an early indication of the direction of travel for the March inflation figure due to be released later this month. Shop price inflation fell to its lowest figure since December 2021 to 1.3%, indicating that the huge price increases seen over the last 2 years may finally…
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It was a strong week for financial markets with investors cheering central bank interest rate decisions. On Wednesday, the Federal Reserve (Fed) held US interest rates at the range of 5.25%-5.5%. The move was widely expected, but what pleased the market was that Fed officials are still forecasting three rate cuts for this year. There…
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This week saw Donald Trump and Joe Biden each gather enough backing to set up a re-run of the 2020 battle for the White House, as they both secured their parties’ presidential nominations. Taking place on the 5th November, fireworks can be expected with no love lost between the two candidates. With just…
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The “British ISA” announced in the Spring Budget is expected to be delayed until after the general election, most likely becoming available in April 2025. The British ISA, which allows savers to invest £5,000 a year tax-free into the British stock market, will not be introduced in the new tax year after the Treasury concluded…
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In the same vein that the Mansion House Compact is looking to encourage investments into UK unlisted companies with pensions, Jeremy Hunt is looking to introduce the ‘Great British ISA’ as a £5,000 extension to the current £20,000 annual ISA allowance. Outside of the debate around the dictation of asset allocation, which should vary between…
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This year’s International Women’s Day celebrates the global theme of “Invest In Women: Accelerate Progress”, which emphasizes the importance of the equality and wellbeing of women in all aspects of life. This includes financial empowerment – much progress has been made in many social, economic, and political areas to improve equality for women. However, financial…
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It was a broadly positive week for equity markets. Investors welcomed the news on Thursday that the Federal Reserve’s preferred metric for inflation in January was in line with expectations at 2.4%. This supports the belief that we will start to see interest rate cuts in the United States, perhaps from the middle of the…
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Weekly Market Update – Week Ending 26/04/24
British households will breathe a sigh of relief this week as data from research company Kantar indicated an easing in grocery price inflation, falling to a 30-month low of 3.2% in the four-weeks to mid-April. This was down from 4.5% the previous month, the lowest it has been since November 2021. However, this does mean…
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