The Independent News and Data Provider
Data shows UK households to have saved more money than economists had expected in the first three months of 2021, suggesting the post-lockdown recovery could eclipse existing economic growth forecasts.
UK inflation rose by a greater margin than analysts had been expecting, but the rise was by no means surprising enough to warrant a major reconsideration of how the Bank of England might shift its views on interest rates.
The Pound caught a bid on Tuesday in the wake of better than expected labour market statistics, confirming our suspicions that the currency was likely to become increasingly responsive to data releases in the short-term.
The UK economy suffered its sharpest annual decline on record in 2020 the ONS has confirmed, but a pickup in spending to fight the covid-19 health emergency means the country is set to avoid a double-dip recession.
Inflation is back on the radar for investors who worry that the response by governments and central banks to the covid-19 crisis is storing up higher prices in coming months and years.