26/10/2026
MARKET UPDATE
Budget sets the tone for the UK.
A monumental week unfolds for the UK and the Labour administration as Chancellor John Healey prepares to deliver his inaugural budget. Notable speculation suggests that bank taxes are set to rise alongside the introduction of a new housing initiative titled the 'Your first home scheme'. Additionally, public discourse intensifies regarding household energy bills ahead of what is projected to be the largest increase in four years coming this January.
Shifting attention to the EU, the primary focus centres on Thursday's scheduled interest rate announcement, where prevailing market consensus anticipates that policymakers will maintain current borrowing costs for now.
Across the Atlantic, monetary policy decisions similarly dominate global headlines as the United States Federal Reserve is widely expected to hold interest rates steady this month, though a subsequent rate hike in December remains heavily anticipated by market analysts.
Meanwhile, South African foreign exchange markets demonstrate steady performance, with the British Pound against the South African Rand hovering firmly around the 22.20 mark, while the United States Dollar paired with the South African Rand trades at 16.62.