S&W The Pulse

In this episode we discuss the post-Brexit transition period extension talks with the EU are a short-term risk for sterling. Unsurprisingly, following the COVID-19 induced lockdown, the latest UK macroeconomic data has slumped. April underlying retail sales volumes (excluding fuel) registered a record decline of 18% from a year ago, while consumer confidence has fallen to levels last seen in 2012. The independent Office of Budget Responsibility forecasts a near 13% real GDP decline for 2020. If correct it will be biggest decline since the Great Frost of 1709, which was the coldest winter in Europe for more than 500 years.LINKS*** Head to our website to read the full episode show notes https://bit.ly/3dk3OGB*** View and subscribe to our monthly Investment Outlook publication https://bit.ly/2BHpsa1 This episode was recorded on 28/05/2020Capital at risk. Please remember the value of investments and the income from them can fall as well as rise and investors may not receive back the original amount invested. Past