Leading Indicators | Driving resilience: UK business and currency momentum
Discover key economic and financial metrics, and what to look out for in the week ahead.
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Here we look at the European leading indicators in the world of economics.
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UK company incorporations hit 150k in the first two months of the year, the strongest level since 2019
The number of UK company incorporations has reached 150k in the first eight weeks of 2024, up +24% on the same period last year. This is the highest number of incorporations in the first eight weeks of the year since 2019 when records began.
Sterling continues to strengthen against leading overseas currencies
Over the past six months, sterling has appreciated against multiple leading international currencies, including the Japanese yen (+7.6%) and the US dollar (+3.4%). Sterling is currently at $1.25 against the dollar.
As the country goes to the polls for local elections on Thursday, latest odds suggest a 78% chance of a general election between October & December this year
Betting odds suggest a 78% probability of the next UK general election occurring between October and December 2024. There is a 15% probability of the election occurring between July and September, up from 5% last month. The latest odds also suggest a 78% probability of a Labour government post-election.
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