Phillip Hammond has just delivered his first Autumn Budget Statement as Chancellor. It did not contain any major surprises and was overall pessimistic in tone as forecasts and expectations have been lowered as a result of Brexit. Borrowing is set to rise and tax receipts have fallen.Read more
Oil has rallied 4% today on the back of renewed hope that OPEC will come to a production deal at their Vienna meeting at the end of the month. WTI futures have broken back above $45 after reaching 3 month lows yesterday.Read more
Unsurprisingly, the shock Trump victory has caused wide spread volatility in the financial markets. The victory for Trump is just another sign of the anti establishment feeling spreading around the Globe.
Perhaps the people having the worst day of anyone right now are the pollsters.Read more
The markets have got pre-election jitters and stocks have had quite a bad week. A resurgence from Donald Trump in the polls has given Wall Street a bigger scare than any they received on Halloween.Read more