The Finseta Blog

Last week Chancellor Jeremy Hunt delivered his Autumn Statement on the status of UK finances and announced a set of new economic policies. As we are all too aware, this was expected to be a sombre affair given the perilous state of the UK economy after Covid-19, the Ukraine War and the disastrous 7 week […]

It has been a huge week for the UK economy. On Tuesday the rate of unemployment rose slightly from 3.5% to 3.6%. This was swiftly followed by higher-than-expected inflation figures on Wednesday. UK inflation is now sitting at a whopping 11.1%, a 41-year high. Yesterday we saw the Autumn Statement in which a whole range […]

Last Tuesday the US went to the polls in a set of major elections. Voters were choosing a new House of Representatives, a third of the Senators and many state-level offices.  Despite the President not being on the ballot, these elections received worldwide attention because their outcome could have a major impact on US policy.  […]

It’s been a mixed week for the markets.  This morning saw the announcement of new GDP figures which showed the UK economy had contracted by 0.2% in the last quarter, pushing the UK ever closer to officially being in recession. It’s worth noting that the Bank of England already believes that we are now currently […]

For decades the Japanese Yen has been seen as a ‘safe-haven’ currency. Japan and its economy are world-leading, regularly appearing in the top three on lists of economic strength indicators (after China and the US.) However, for the last few years, even before Covid, the Japanese economy and its currency have stagnated. This year, the […]

The news this week has been dominated by interest rate hikes across the West. On Tuesday, the Royal Bank of Australia announced a 0.25% increase taking their rate to 2.8%. This was followed on Wednesday by the US Fed who raised their rates by 0.75% to 4%. Finally, yesterday the Bank of England followed the […]