In this Market Commentary, we reflect on an economic backdrop still shaped by geopolitical uncertainty, as the conflict in the Middle East continues to influence energy prices and the inflation outlook for investors.
We examine the Bank of England’s decision to keep interest rates unchanged at 3.75%, alongside a faster-than-expected fall in UK inflation, encouraging public-finance figures and a record low in small-business confidence.
We also consider the sharp rise in consumer confidence following the appointment of Prime Minister Andy Burnham, alongside the latest performance across UK and global markets, highlighting the key economic developments influencing investor sentiment and the importance of maintaining a long-term investment perspective.
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