Kevin Kidney, Head of Investments, looks at the latest UK inflation reading which has came in at 2.3%, rising as markets have expected following the government’s budget announcement. Kevin looks at the growth outlook and the Bank of England’s interest rate cut trajectory and the pressures the economy will face moving into 2025.

Sebastian Mackay, Investment Director, looks at the potential role inflation played in winning the US election for Trump as well as a look at the post pandemic price levels that still remain elevated approximately 30% higher than in January 2020. Some economists believe that we are entering into an era of expansive US fiscal policy and we could see a shift in central bank inflation targeting to price level.

Paul Durrans, Investment Director, looks to a week filled with data from the UK that will give insight into the economy. Expectations are that UK inflation will go up due to energy costs, will this change the Bank of England’s interest rate cut cycle? We will also get housing and manufacturing data from the US with a keen eye on whether growth in the goods sector can be seen after a stagnant two years.

Kevin Kidney, Investment Director and Faye Graham, Investment Analyst, refocus on UK markets after major market events from the US. Our experts look at the UK jobs data, the economic growth outlook and the Bank of England’s interest rate cut expectations.

Sebastian Mackay, Investment Director, looks at the sudden drop in gold prices since the US election and what may have caused the shift in sentiment towards the asset. Seb also looks at the spike in Bitcoin which may be being driven by a Trump cabinet which has a favourable outlook on cryptocurrency. Will cryptocurrency be increasingly viewed as an alternative to gold?

Chris Leyland, Director of Investment Strategy looks at the strength in the US equity market driven by Trump’s proposals to cut corporation tax for US companies as well as tax cuts for high earners and lower regulation. Chris also looks at the potential trade tariffs on European goods imported as well as other regions and the market expectation of a rise in US headline inflation for the first time in seven months.

George Bell, Portfolio Manager, discusses the advancements of global stock markets, and key factors that support the health of the UK economy. So far, the US election outcome has been well digested by stock markets but bond markets are trying to digest the prospect of inflationary headwinds given the proposal of higher tariffs. The UK labour market demonstrates resilience in the face of a period of elevated interest rates, unemployment remaining in the lower bounds of history with 220,000 jobs added in Q3 and unemployment rates ticking up only marginally to 4.3% given the increased supply of available workers. For more details on how these changes can impact your money, watch this episode of Morning Markets.

Matt Henderson, Portfolio Manager, looks to the week ahead which has data on US inflation, with an expectation for headline inflation to drop to 2.4% but core remain at 3.3% due to strong economic growth. Matt also looks at UK GDP and employment data with the latter showing signs of weakness.

This week, Paul Durrans and Sebastian Mackay, Investment Directors, look at the major events over the past nine days and the far reaching implications they could have for markets. From the UK Budget announcement to the US election as well as interest rate cuts from the respective central banks, Paul and Seb dig into the details and what this means for markets.

Matt Henderson, Portfolio Manager, looks at the emerging Republican majority and the impacts this could have on the effectiveness of the Trump cabinets economic policy. We also look at the trajectory of interest rate policy with the upcoming Federal Reserve decision later today.