The Friday Update

After months of speculation, changes to the UK energy price cap have finally been announced. The figure set by Ofgem has risen by 80% to £3,549 as a difficult winter for households continues to loom. (The price cap is the maximum a typical household can pay for their energy but is continually reassessed by Ofgem […]

It’s been another gloomy week for economic data with UK inflation not showing any signs of slowing. The US CPI reading last week was celebrated for being below consensus estimates whereas, in the UK, we have not been so lucky. The first double-digit CPI reading in 40 years at 10.1% in July was 0.3 percentage […]

This week has been considerably quieter economic data front, perhaps a relief given the volume of negative news recently. US inflation figures were released on Wednesday with consumer prices rising 8.5% in July, the rate of increase has been calmed slightly as fuel prices fell. No increase was recorded in CPI between June and July, […]

The key update of the week is that the Bank of England has increased its interest rate by 0.5%, the largest increase since the Bank’s operational independence in 1997.  The rate rise comes on the back of a dismal economic forecast by the BoE that forecasted inflation rates of 13% by the end of the […]

This week has been dominated by the fears of a looming recession following the release of key GDP and confidence data. Significant news was released on Thursday when it emerged that the US economy shrank for a second consecutive quarter. This technical recession is due to a 0.9% GDP contraction for Q2 following a 1.6% […]

It has been a big week in the EU with plenty of data and political action. The ECB has increased interest rates by 0.5%, the first rate rise in the Eurozone since 2011. It comes at a time when inflation has hit record highs of 8.6% and the economic gulf between member states is widening. […]