Economy

• UK consumer spending has remained resilient despite elevated borrowing costs and ongoing macroeconomic uncertainty.

Why Is the UK Government Tightening Political Donation Rules? Britain's Biggest Election Finance Reform Explained

• UK 10-year gilt yields briefly moved above5%, reaching their highest levels since May as investors reacted to renewed inflation risks and geopolitical uncertainty.

• The UK labour market remains relatively resilient, although hiring activity has slowed amid economic uncertainty.

• UK investors are closely watching the latest GDP figures as the next major indicator of economic momentum.

• The US Senate has launched confirmation hearings for Jay Clayton, President Donald Trump's nominee to serve as Director of National Intelligence (DNI).

• The Bank of England continues to maintain a cautious monetary policy stance as inflation remains above its long-term target.