The infoshot to help kick-start your week
Last Week
- UK Chancellor, Jeremy Hunt, announced on Wednesday that the government will be launching a new “British ISA” which will give savers and additions £5,000 in tax-free allowance when they are investing in UK company shares. The new ISA allowance, which will be on top of the £20,000 existing allowance, is intended to help support UK equities.
- UK wages are forecasted to rise by 4.9 per cent on average over the next year which was down from the 5.1 per cent anticipated in January. This is the first time that wage growth expectations dropped below 5 per cent since May 2022 and it is far below its 42-year high of 11.1 per cent in October 2022.
- British Sterling is the only major developed currency to strengthen against the dollar in 2024. The pound rose to a seven-month high on Friday and is currently up 1 per cent against the dollar since the beginning of the year. Investors have been encouraged by recent positive business surveys which indicates higher business confidence.
Market Pulse
Coming Up
- US February CPI data released, Tuesday 12th March at 12:30pm.
- UK January GDP data released, Wednesday 13th March at 7:00am.
- US February PPI data released, Thursday 14th March at 12:30pm.
Notice:
For professional advisers only, Copia does not provide financial advice, and the contents of this document should not be taken as such. The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.Open document settingsOpen publish panel
