08/11/2024
Following the US election and Trump's win, the dollar strengthened, and the FTSE 100 rose 1%. This boost is linked to Trump's tax cuts and tariff increases, which could raise inflation and keep US interest rates higher for longer, offering better returns on dollar-based investments.
However, concerns remain about the UK economy, as Trump's trade policies may slow growth. Financial markets are volatile, so trends in currency, commodities, and interest rates can change quickly. Staying informed helps manage cash flow, adjust to rising costs, and time borrowing to secure lower interest rates. These market movements also impact consumer confidence and spending power.