26/07/2026
Brace yourselves for one of the most consequential weeks of 2026 for global markets.
Next week brings a rare “Super Central Bank Week,” with the US Federal Reserve, the Bank of England, and the Bank of Japan all announcing interest rate decisions within a 72-hour window.
For UK investors, Thursday’s Bank of England decision is the focal point. Markets widely expect the Monetary Policy Committee to hold the base rate steady at 3.75%. However, the ongoing conflict in the Middle East has driven Brent crude up 27% over the past two weeks to near $100 a barrel. This energy shock is raising fresh inflation concerns, and analysts expect a more hawkish tone from the BoE regarding future rate paths.
In the US, the Fed faces similar pressures. While a hold is expected on Wednesday, futures markets now price in an 80% probability of a rate hike by September.
Adding to the volatility, next week is the busiest of the Q2 earnings season, with tech giants Microsoft, Meta, Apple, and Amazon all reporting. Following last week’s $890 billion wipeout in the ‘Magnificent Seven’ stocks, investors will be laser-focused on AI capital expenditure plans.
At Ashley Kissick Financial Advisers, we monitor these macroeconomic shifts closely to ensure our clients’ portfolios remain resilient through periods of heightened volatility and policy uncertainty.
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