Daily-Wrap

Macro Update:The UK economy faces a fragile recovery in March 2026, with GDP growth at 1.1% and unemployment hitting a five-year high of 5.2%. While inflation eased to 3.0%, Middle East tensions have delayed expected interest rate cuts. Strong retail sales offer hope, but …

Macro Update:UK economic growth flatlined at the start of 2026 as a geopolitical energy shock pushed unemployment higher. Though manufacturing remained resilient, rising interest rates and inflation fears weakened consumer confidence, leaving policymakers navigating a fragile and low-growth environment.

Macro Update:UK economic growth stalled at 0.0% in early 2026, hampered by a geopolitical energy shock and rising unemployment (5.2%). While manufacturing shows resilience, high interest rates (3.75%) and inflation risks from oil price spikes have dampened consumer confidence, leaving the Treasury and Bank …

Macro Update:The UK economy stalled in January 2026 with 0.0% GDP growth, as services slumped and manufacturing contracted. While inflation fell to 3.0%, geopolitical tension has pushed oil over $100, delaying expected interest rate cuts. Consequently, the 3.75% base rate remains, leaving the housing …

Macro Update:The UK economy is navigatingsubdued growth, with the OBR forecasting1.1% GDPfor 2026. Whileinflationhas eased to 3.0%, interest rates remain at3.75%. Manufacturing and retail show resilience, but the labor market is cooling asunemploymentrises and the tax burden hits a historic high.

Macro Update:The UK economy is currently defined by stagnant growth and a "wait-and-see" approach from the Bank of England regarding interest rates. While inflation has eased, a cooling labour market and high mortgage costs continue to squeeze households. Resilience in manufacturing offers some optimism, …

Macro Update:The UK economy is showing cautious growth, with GDP forecasts recently trimmed to 1.1% for 2026 amid geopolitical tensions in the Middle East. While inflation is cooling toward the 2% target, interest rate cuts are stalled. Despite a five-year high in unemployment, manufacturing …