Our Quilter Financial Planning Monthly Economic Review is intended to provide background to recent developments in investment markets as well as to give an indication of how some key issues could impact in the future. In this issue:
- Employment at new record high: The latest batch of employment data released by the Office for National Statistics (ONS) shows that the UK labour market remains in robust health, with the total number of people in work rising to another record high.
- Retail sales rise: The latest retail sales figures proved to be stronger than analysts expected, buoyed by the largest rise in online spending for three years
- Inflation rises unexpectedly: The headline rate of inflation edged above the Bank of England’s (BoE) target last month, amid concerns sterling’s recent decline could exert further pressure on prices.
- Brexit saga rumbles on: With the second deadline now less than 60 days away, it remains unclear how the Brexit saga is ultimately going to play out, although the chance of a no-deal scenario continues to rise.
It is important to take professional advice before making any decision relating to your personal finances. Information within the attached document is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.