On the Spot: Trading in a Political World
Another week ended with the markets facing more questions than answers. The UK appears to have good employment and retail sales whilst in a recession, with wages growing almost uncomfortably fast. When taken as a whole, the economic picture looks increasingly like one of stagflation. It also doesn't look like Prime Minister Sunak will get the improving economic conditions he was hoping for and will probably be forced to push the election back as far as it can go, possibly until December.