February 2026 Market Update
Executive Summary · Markets remain driven by interest-rate expectations, with investors increasingly confident that easing cycles will continue in 2026. · Inflation continues to moderate, though progress remains uneven across developed economies. · Global equities advance cautiously, supported by liquidity [...]
January 2026 Market Update
Executive Summary · Markets enter 2026 cautiously optimistic, with rate-cut expectations firmly embedded across developed economies. · Central banks signal patience, balancing easing inflation against fragile growth. · Global equities start the year mixed, supported by policy expectations rather than [...]
November 2025 Budget Update
BUDGET UPDATE 2025 After months of speculation, UK Chancellor Rachel Reeves presented the Autumn Budget on 26 November, unveiling a substantial £26 billion package of tax increases, alongside targeted spending measures. Her aim? To address the UK’s persistent inflation, rising [...]
Market Update – October 2025
Executive Summary The International Monetary Fund (IMF) upgraded its global growth forecast to 3.2% for 2025, but warned that the outlook remains fragile. The Bank of England held its base rate at 4.0%, citing sticky inflation and the risk of [...]
Market Update – September 2025
Executive Summary Fed cuts rates for the first time in 2025, easing to 4.0–4.25% as inflation moderates. U.S. tariffs face Supreme Court scrutiny, adding policy risk and market volatility. UK holds base rate at 4.0%, citing sticky inflation; QT scaled [...]
Market Update – August 2025
Tariffs take centre stage again The U.S. stock market lost momentum in early August, retreating slightly from July’s all-time highs as investors grappled with renewed tariff uncertainty. President Trump announced that the “blanket tariff” proposal remains under consideration, despite widespread [...]