Last week, Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greene warned that central banks could not dismiss ongoing supply shocks from the Iran war as temporary. This concern follows a major hit to private sector activity. While the Middle East conflict continues to drive energy prices higher, the domestic economy faces a rapid slowdown. Geopolitical uncertainty has fuelled worries about rising wholesale costs and energy bills, which heavily depress UK consumer sentiment, driving it to near-historic lows. Consequently, policymakers are likely to maintain an extended interest rate hold as economic growth fades and inflationary pressures remain stubbornly high, preferring to monitor long-term financial and economic stability rather than reacting solely to temporary, volatile economic data points such as monthly inflation figures or employment reports...
Stocks featured:
IG Group, Babcock International and AutoTrader
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