Week ending 21/06/24 - When will the UK join the rate cutting party?

Gareth and Jeremy discuss the macro and UK company news of the past week and examine what lies ahead next week. This week's macro focus is on the UK, with annual inflation landing on target at 2%, the Bank's decision to keep rates on hold, and better-than-expected retail sales and consumer confidence data. In UK company news, they discuss ongoing M&A activity, including today's revelation that Carlsberg has been trying to buy Britvic. They also discuss updates from Severfield, YouGov and Spectris. Next week, the focus will be on US GDP data showing a slowing rate of growth, with UK GDP data improving from last year's shallow recession.Finally, US PCE inflation data ends the week which is expected to reveal a slowly falling US annual inflation rate of 2.6%. Made possible by Progressive Equity.