Worldwide Financial Planning

Given that a manifesto is a plan for a party’s economic and social policy, it’s all you have outside of the emotional, high octane, divisive language used to coerce your vote.

While the headline figure looks promising, under the bonnet things are more complicated. Services inflation, which is seen as a better gauge of domestic inflationary pressures than the headline figure, remains far too high at 5.7%.

In France, President Emmanuel Macron called a snap election in a gamble that when it comes down to it voters will be less keen to put hard-liners in charge in Paris. With his party already a minority in the National Assembly, Macron is already facing problems passing new legislation and the final calculation is that even if RN win it could stop Le Pen winning the 2027 presidential election, as a few years in control of the French parliament may put the French public off RN for good.

It's a question I get asked every election, and this answer, while ‘amazingly exciting’, is equally of a cardboard licking, palette numbing blandness, but read on because I did loads of research!

The FOMC meeting came off the back of a decent CPI print. May’s inflation data came in softer than consensus expectations with headline CPI decelerating slightly to 3.3% versus 3.4% in April.

The European Central Bank (ECB) cut interest rates by a well communicated 25bps at their meeting, taking their key deposit rate to 3.75%, main refinancing rate to 4.25% and marginal lending facility to 4.5% - from 4.00%, 4.5% and 4.75% respectively.