True Potential Morning Markets

Kevin Kidney, Head of Investments, and Matt Henderson, Portfolio Manager, take focus on the UK this week and discuss the surprising inflation data which came in above expectations. This data puts the Bank of England in a difficult position when trying to justify addition interest rate cuts but next months Monetary Policy Committee will provide updated projections. We’ve also had data on UK employm...

Sebastian Mackay, Investment Director, discusses the UK’s surprise inflation figure which came in at 3.6%, and how this is inhibiting the Bank of England’s capacity to cut interest rates. Across the Atlantic, US inflation figures came in yesterday at just below 3%, President Trump is stepping up pressure on Federal Reserve Chair Powell to cut interest and Sebastian lays out the key reasons.

Paul Durrans, Investment Director, discusses the escalating tariff rhetoric from President Trump as the EU and Mexico now face 30% tariffs if no trade agreement is reached by August 1st. As we look to the week ahead, key economic data such as the US inflation report will be the highlight, with investors keeping a keen eye on any tariff impacts.

Paul Durrans, Investment Director, and Sam Elliot, Investment Analyst, discuss the extension of President Trump’s tariff deadline, as well as the letters sent to countries stating new tariff rates should no agreement be reached before August 1st. They also cover the market reaction to this week's tariff developments and the recent economic trajectory of the UK.

Kevin Kidney, Head of Investments, discusses the current state of the UK’s fiscal predicament and the position Chancellor Rachel Reeves finds herself in as she meets resistance from Labour MP’s in her efforts to restore public finances. Regardless of sticky inflation, around 3%, the direction of travel is clear for the Bank of England and interest rate cuts are still likely in the coming months.

Paul Durrans, Investment Director, discusses the major legislative victory for President Trump with the passing of the ‘Big Beautiful Bill’ and what that could mean in the short and long term for the US economy. This week however, investor attention will be focused on tariffs, as the postponement of reciprocal tariffs comes to an end and global trading partners decide on whether they can come to a...

Matt Henderson, Portfolio Manager, and Joe Forward, Investment Analyst, discuss the rise in global equities, the imminent tariff deadline, as well as the US non-farm payroll data which surprised to the upside. With the first US earnings announcements coming in since the tariffs, we also look at the impact of policy so far.

Sebastian Mackay, Investment Director, discusses the significant drop in the value of the US dollar this year and the challenge to its status as the global reserve currency.

Paul Durrans, Investment Director, discusses the strong global equity performance, with US equities reaching a new all-time high after the recent trade agreement with China. Despite geopolitical and tariff tensions easing, the US inflation report came in hotter than expected, and the attention will now turn to the employment data, which will play a key role in the Federal Reserve’s interest rate d...

George Bell and Matt Henderson, Portfolio Managers, discuss positive returns for assets markets, how conflict has impacted oil prices, as well as US trade deals with China, and corporate earnings and inflation.

Sebastian Mackay, Investment Director, discusses the rebound in equity markets this week, following the peace deal between Israel and Iran, and the importance of looking past headlines and focusing on fundamental drivers of investment.

Kevin Kidney, Head of Investments, discusses the elevated global oil price and global equity fall due to the escalating conflict between the US, Israel and Iran. As we look ahead to this week, we will see inflation prints across Europe that are expected to reflect a benign or disinflationary trajectory, as well as US core inflation data.

Paul Durrans and Sebastian Mackay, Investment Directors, discuss the recent central bank meetings that have been taking place this week, with the Bank of England choosing to hold interest rates and the Federal Reserve updating their economic projections into 2026.

Matt Henderson, Portfolio Manager, discusses the most recent UK inflation data and how that may affect the Bank of England’s upcoming interest rate decision. We also get a look ahead at how geopolitical tensions may impact the Federal Reserve’s perspective on the US interest rate trajectory.

This Morning, Head of Investments, Kevin Kidney discusses the market reaction to the evolving conflict in the Middle East. With oil prices rising by 11% and both equities and gold falling in price,  the markets have concerns over how these events will shape inflation going forward. Will the conflict have an ongoing effect to the markets? #TruePotential #MorningMarkets #Oilprices #Inflation #invest...

Recent GDP and employment data from the UK backs up the fears of a slowing economy - something directly impacting Chancellor Rachel Reeves’ Spending Review announced this week. But with the UK stock market hitting record highs, how will markets react to a week of conflicting economic data?

Kevin Kidney, Head of Investments, delves into the ONS (Office for National Statistics) data that's driven the FTSE 100 to rise to all-time highs. The last 6 months have suggested the UK is the fastest-growing economy in the G7; however, UK employment data tells a different story. Which measure are we to believe? #truepotential #investing #economy #stockmarket #FTSE100 #UK #Employmentdata

George Bell, Portfolio Manager, reflects on the strength in stock markets, encouraged by the potential for the meeting between the US and China to de-escalate tariff risks, solid corporate earnings reports, and lower interest rates across Europe. George also discusses key economic data points, illustrating the impact tariffs and price uncertainty are having on corporate managers' optimism for...

Kevin Kidney, Head of Investments, and Faye Graham, Investment Analyst, discuss political impacts on the US economy. the positive year for stock markets, the diminishing threat of tariffs, and the potential restart of trade negotiations between the US and China.

Kevin Kidney, Head of Investments, discusses the US stock market recovery as tariff threats recede, the data that points to a bounce in US growth, and a resilient jobs market.

Matt Henderson, Portfolio Manager, recaps last weeks asset market returns before discussing escalating trade tensions between the US and China. Looking ahead this week and we have US and European data which will give further insight into ongoing effects from US tariff policy.

This morning, Investment Director, Sebastian Mackay, discusses the impact of President Trump’s recent tax bill and the US Treasuries’ credit rating on the largest economy in the world. With efforts being made to weaken the dollar and an extension of tax cuts in the US, how does this feed into globally diversified portfolios?

George Bell, Portfolio Manager, and Sam Elliot, Investment Analyst, discuss the Trump administration's recent tariff developments, the proposed ‘Big Beautiful Bill’, and the persistent sticky inflation in the UK which is challenging the Bank of England.

Sebastian Mackay, Investment Director, discusses the most recent UK inflation figures which came in above expectations for the month of April. The Bank of England's Monetary Policy Committee are divided in how to proceed with interest rate cut policy moving forward, and these figures will reinforce those who argue that the UK has a persistent inflation problem.

Paul Durrans, Investment Director, discusses the recent positive news for the UK economy but highlights some potential headwinds in the US tariffs and the increase in employer national insurance contributions that is yet to come through in the economic data.