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May 2021: An update from fund manager Iain Pyle
April was another month of positive progress for the UK economy and for markets as we continue the recovery from the pandemic. Economic data has been revised upwards and expectations for metrics such as peak unemployment are moving lower. With the vaccination program continuing to surprise positively and cases and hospitalisations following, we appear to be past the worst domestically. May will see the rate of change accelerate, as non-essential shops and some leisure and dining operations reopen. Reports are already that consumers are keen to spend, with pub takings at record levels despite being limited to serving drinks outside in some unseasonably cold weather.
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