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The Monthly Macro Outlook Video - May 2026

Middle East tensions and rising UK political uncertainty are reshaping the outlook. Could energy disruption and fiscal pressure drive markets next?

Image shows financial data graphic with 'Macroeconomic outlook' superimposed.

Duration: 4 Mins

From tensions in the Middle East to growing uncertainty in the UK, recent developments highlight how quickly external shocks can filter through to growth, inflation and financial markets. In this month’s video, Lizzy Galbraith is back in the hot seat. 
In the video, she explores:
  • Why progress towards a Middle East peace deal remains fragile and what this means for energy markets
  • The critical role of the Strait of Hormuz, and how disruptions are affecting global supply chains
  • Why higher energy prices could keep inflation elevated and growth under pressure
  • The rising political uncertainty in the UK and why it may matter more than economic data right now
  • What a potential leadership challenge could mean for fiscal policy, taxes and markets.

Watch the video for more details.

 

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