Stocks bounce a little as investors weigh latest UK GDP

UK Stocks are slightly higher this morning after yesterday's sharp sell-off over inflation concerns.

Stocks bounce a little as investors weigh latest UK GDP

Share on facebook
Share on twitter
Share on linkedin

Data released this morning by the ONS (Office for National Statistics) shows the UK economy contracted by 1.5% in the first quarter but this was not quite as bad as forecasts of 1.7% by economists. UK chancellor, Rishi Sunak, said he would “continue to take all the steps necessary to support our recovery”.

Inflation data is also due in the US today. The numbers will be closely watched by investors worried that a sharp rise in inflation could prompt the Fed to raise interest rates.

Disclaimer:  ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

Download Our Free Brochure