Global Reach Group

Economists are expecting a quarter-point hike from the European Central Bank on the 4th of May as credit conditions tighten in the banking sector. Further hikes are anticipated in June and July before projections see the bank halting its hiking cycle... globalreachgroup.com/knowledge-cent…

Bank of England Chief Economist Huw Pill has given voice to the seldom-discussed element of the inflation debate, saying – and we paraphrase – that the trade-off remains between business profit margins and workers... Read more in our daily market update: globalreachgroup.com/knowledge-cent…

ECB Chief Economist Philip Lane has said that recent economic figures suggest that the European Central Bank should increase interest rates again at its next meeting, either by a half or quarter... Read more in our daily market update. globalreachgroup.com/knowledge-cent…

In Bank of Japan Governor Kazuo Ueda’s first meeting it appears the current loose monetary policy will continue for the foreseeable future. The recent banking crisis has created some tension with officials erring on the side of caution... Read more: globalreachgroup.com/knowledge-cent…

Today, we saw a third consecutive rise in the UK consumer confidence measure, which gauges personal attitudes to personal spending disposable income. The issue with this reading is that it is still very far below 0, which means that more respondents... globalreachgroup.com/knowledge-cent…

Support for start-ups in the UK is anaemic, which is part of the reason ARM Holdings is listing in New York and not London. UK Venture capitalists don't have very deep pockets, and pension funds are focused on the traditional asset allocation game. globalreachgroup.com/knowledge-cent…

PM Rishi Sunak is laying on a charm offensive for business leaders in direct contrast to his predecessor Boris Johnson. All the while, Labour has made meaningful inroads with business in the back end of 2022 and is now leading opinion polls. Read more: globalreachgroup.com/knowledge-cent…

The Office for National Statistics revealed on Tuesday that average earnings in the UK, excluding bonuses, increased by 6.6% in the three months leading to February this year, surpassing expectations of a slowdown to 6.2%. Read more: globalreachgroup.com/knowledge-cent…

The Bank of England may be well positioned to take a pause in its interest rate hiking cycle in the May meeting. Improvements in the headline inflation reading and cooling in the labour market should give central... Read more in our daily market update. globalreachgroup.com/knowledge-cent…

Slowing Russian oil exports coupled with surging Chinese imports are adding to signs of a tightening global market as oil steadies around its highest level since November. The US benchmark... Read more in our daily market update: globalreachgroup.com/knowledge-cent…

Bank of England Governor Andrew Bailey hinted at a potential increase in deposit insurance which is currently set at £85k and rejected ideas that in practice you can have insured vs uninsured deposits. He also... Read more in our daily market update: globalreachgroup.com/knowledge-cent…

Not only is the UK set to contract 0.3% this year, the IMF commented that they are to miss both of their fiscal objectives: a falling public debt burden and borrowing below 3% of GDP by 2028. Chancellor Hunt... Read more in our daily market update: globalreachgroup.com/knowledge-cent…

The NHS is preparing for a new four-day strike, this time by its junior doctors, who are demanding more pay and have timed the action so as to cause as much disruption as possible after the Easter bank holiday... Read more in our daily market update: globalreachgroup.com/knowledge-cent…

To date, Ukrainian officials have refused to discuss diplomatic solutions with Russia until they leave all Ukrainian territory including Crimea, which was annexed in 2014. It now seems, were the Ukrainian forces... Read more in our daily market update: globalreachgroup.com/knowledge-cent…

Senior Economist, Huw Pill, reinforced the existing message from the MPC: Rates are likely to go higher to combat inflation but financial stability issues make it a finer decision and their economic models are... Read more in our daily market update: globalreachgroup.com/knowledge-cent…

OPEC+ decided to cut oil output by one million barrels a day over the weekend, and with supply already looking tight for the rest of this year, analysts expect the pressure to drive higher prices will continue. Read more in our daily market update. globalreachgroup.com/knowledge-cent…

Nationwide estimates that the average home price in the UK has fallen 3.1% in the last year as rising interest rates and a squeeze in the cost of living put people off getting on the property ladder. However, with consumer budgets still... Read more: globalreachgroup.com/knowledge-cent…

Following the banking sector turmoil, conditions in the European banking system continue to be defended by senior officials as deposit outflows remain limited and are not seen as widespread. globalreachgroup.com/knowledge-cent…

Health insiders claim that UK Chancellor Jeremy Hunt will allocate £3bn to the NHS to fund a pay deal that includes two one-off payments as well as a five percent pay increase for the 2023/24 financial year for health workers... Read more: globalreachgroup.com/knowledge-cent…

Annual food inflation has accelerated to 15%, which is the highest level since 2005. Reduced supply is attributed to weak growing conditions in North Africa and Europe, while a weaker Pound is weighing on alternative imports... Read more: globalreachgroup.com/knowledge-cent…