Market Insight
August 2024 Economic and Market Report
This Article was Written by: Chris Proudfoot - Fundhouse
Economic & Market Report, Market Report
In August, we learned that consumer prices in the UK rose by 2.2% in the 12 months to July – up from 2.0% in June.
The Bank of England’s Monetary Policy Committee lowered interest rates from 5.25% to 5% on 1st August, which was significant as rates have not been reduced for over four years. The rate cut aimed….economic and market commentary is available to Financial Advisers via our support site. Please register/login here.
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Fundhouse is the trading name of Fundhouse Bespoke Limited. Fundhouse provides investment management services to professional clients and does not provide financial advice. Importantly, this note does not represent investment advice, and any reader should always speak to their financial adviser before making any investment decisions. Please note that the value of any investment may go down as well as up, and you may lose capital when investing, and the value of your investments may not always increase. Please ensure that you are comfortable bearing financial losses and that you are comfortable taking a long-term investment view of five years or more.
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