Market Commentary - February


Craig Hendry

Craig Hendry

Managing Director & Chartered Financial Planner


UK economic growth was revised down for the fourth quarter of 2017 to 0.4%, taking the growth figure for 2017 to 1.7%. This lags many European countries, however, it is comforting that there is still growth.

The Chancellor will deliver his Spring Statement on 13 March. As always, we will cover the event and post our analysis that afternoon.

 28 February 20181 month6 months12 months
FTSE 1007,231.91-4.00%-2.76%-0.43%
GBP/USD1.3790-2.81%-7.00%10.98%
GBP/EUR1.1292-1.08%-4.23%-3.50%
Brent Crude (US$)65.78-4.51%25.58%16.40%
Gold (US$ per oz)1,318.31-1.99%-0.24%5.60%

Disclaimer

Nothing in this communication constitutes advice to undertake a transaction and professional advice should be taken before investing. Any observations are purely commentary on markets.  This material is not investment research and the content should not be treated as an offer or invitation to buy or sell securities. Past performance is not a reliable indicator of future results and is no guarantee. The value of investments may fall as well as rise. Changes in exchange rates between currencies can cause investments or income to go up or down.