Daily-Wrap

Macro Update:Britain’s economy is showing growing strain ahead of next week’s budget, with business surveys signalling a slowdown as firms delay decisions over expected tax hikes, adding pressure on finance minister Rachel Reeves to balance fiscal tightening without damaging weak growth. Corporate updates highlighted …

Macro Update:Britain’s market narrative was mixed, with regulators pushing reforms while economic signals remained cautious. The Financial Conduct Authority continued plans for a consolidated tape to boost market transparency and attract listings, aiming for launch in 2027. Corporate news was softer, as JD Sports …

Macro Update:British data showed inflation easing for the first time since May, falling to 3.6% in October from 3.8%, in line with forecasts and boosting expectations of a Bank of England rate cut in December. Markets reacted with a softer sterling and lower gilt …

Macro Update:The Bank of England is preparing to ease certain ring-fencing rules for major lenders but will resist broader reforms sought by banks, aiming to preserve core post-crisis protections even as the government pushes regulatory simplification. Meanwhile, Imperial Brands delivered slightly better-than-expected annual profits …

Macro Update:Britain plans a major asylum and human-rights overhaul—tightening how courts interpret the ECHR—to curb “last-minute” appeals and accelerate removals, a move framed as stemming Reform UK’s rise. Housing momentum softened ahead of the Nov 26 budget: Rightmove reports asking prices fell1.8%in the four …

Macro Update:Britain’s finance minister Rachel Reeves has reportedly dropped plans to raise income tax in this month’s budget, aiming to avoid a political backlash—but markets balked: sterling slipped to a 2½-year low against the euro and gilt yields jumped as investors questioned how fiscal …

Macro Update:Britain’s economy showed near-stagnant growth in Q3 at just 0.1%, weighed down by the Jaguar Land Rover cyberattack and softer September activity, reinforcing expectations of a Bank of England rate cut next month. Corporate updates were more upbeat, with Burberry returning to growth …