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Stocks and bonds were generally lower this week as investors latched on to the US Federal Reserve’s narrative last week that interest rates are likely to stay higher for longer. Given the resilience of the US economy so far this year, there is now an expectation that monetary policy will need to be kept in…
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It is a busy week with Inflation data in the UK released, the Federal Reserve (Fed) announcing interest rates in the States and finally, the Bank of England setting rates. The Office for National Statistics published new CPI data on Wednesday which showed inflation rose by 6.7% in the 12 months…
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In a time of rising inflation and costs, it’s important to consider ways to not only save money, but also how to get your savings to work harder for you. Whether you have short- or long-term goals such as that dream holiday, a new car, or saving for a house deposit or retirement, regular savings…
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This week, it was announced that UK wages grew 7.8% in the three months to July, the highest rate on record, despite a slowing jobs market which saw a rise in unemployment and slower hiring. With vacancies now below 1 million, the ratio of unemployed people to vacant jobs has almost returned to pre-pandemic levels.…
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Are you new to pensions and looking to understand the basics, or do have a pension already but want to know how to get the best from it? Look no further – as part of Pensions Awareness Week (11 – 15 September) we share the answers to the questions we get…
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Pensions provide a tax -efficient way of saving, and are key to securing your lifestyle during retirement. There are different types of pensions available, so you can choose what suits your circumstances. The most common are the State Pension and the Workplace Pension. Another type of pension is the Occupational Pension Occupational pension…
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This week, the pound weakened against the dollar to a 3-month low following comments from the Bank of England (BoE) governor that cast doubts over the need to raise interest rates any further in the UK. He was keen to stress that he wasn’t providing formal guidance, but the market took it as a signal…
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It was a positive week for investment markets. Investors clung to weaker-than-expected economic data as a sign that the US economy is starting to cool down and correspondingly, the Federal Reserve will be more inclined to hold interest rates when they next meet on the 19th/20th September. On Wednesday, the ADP National Employment report showed…
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This week it was announced that higher borrowing costs in the UK have hit demand and seen economic activity in the country fall unexpectedly for the first time since January. The release of August’s flash UK composite purchasing managers’ index on Wednesday saw forecasts for peak interest rates fall below 6%, with Sterling weakening against…
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Weekly Market Update – Week Ending 06/10/2023
This week, events in the bond markets dominated the headlines. As investors continued to adopt a “higher for longer” narrative for interest rates, long-dated government bond yields around the globe increased. On Wednesday in the US, 30-year Treasury bond yields rose to 5% for the first time in 16 years, whilst in Germany the…
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