Monday 16 June 2025
The Mighty Headlines
Economics: Bank of England expected to hold interest rates this week
Business and markets: Boeing forecasts 40% increase in air travel demand
Foreign Affairs: Tourism protests in Spain, Italy and Portugal
Security and intelligence: Trump vetoes Israel’s killing of Iran’s leader
Domestic politics: UK Government to publish £725 billion infrastructure plan
The Mighty Stats
FTSE = 8,850.63 (down 0.39%)
S&P 500 = 5,976.97 (down 1.13%)
Nasdaq = 19,406.83 (down 1.3%)
CAC40 = 7,684.68 (down 1.04%)
£1 = $1.36 / €1.17
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: The Bank of England is expected to hold interest rates at 4.25 per cent when it meets on Thursday. It comes as inflation in the UK rose to its highest level in over a year in April, reaching 3.4 per cent. Unemployment also rose to 4.6 per cent in the three months to April, the highest level since 2021.
Business and markets: Boeing has said that it expects global demand for air travel to increase by more than 40 per cent by 2030. Over the next 20 years Boeing said it expects demand for 43,600 new aircraft. Its rival Airbus expects demand for 43,420 aircraft.
Foreign Affairs: Protests against overtourism took place in Italy, Spain and Portugal yesterday. Barcelona, Palma, Naples, Milan and Lisbon were some of the cities affected. The protestors state that overtourism is increasing house prices and forcing locals out of their hometowns.
Security and intelligence: It is being reported that President Trump has blocked Israel’s intention to kill the Supreme Leader of Iran, Ayatollah Ali Khamenei. The White House is concerned that such a move would move the current conflict beyond striking Iran’s nuclear facilities into a wider regional war.
Domestic politics: The UK Government is expected to publish a 10-year infrastructure plan this week. Around £725 billion is set to be invested in railway lines, power plants and affordable homes. A new government body, the National Infrastructure and Service Transformation Authority will help with delivery.
The Mighty Calendar
What’s happening today?
G7 Summit in Alberta, Canada continues
King Charles attends Service for the Order of the Garter
Statements in UK Parliament expected on Air India crash and the Middle East
Bank of Japan interest rate decision
Lookahead to tomorrow
Final day of G7 Summit in Alberta, Canada
France and Saudi Arabia host UN Conference on Palestine
UK Defence Secretary John Healey addresses RUSI Land Warfare Conference
Crime and Policing Bill debated in UK Parliament
US retail sales and industrial production data (May)
The Mighty Finale
🌤️Weather today
Sunny spells across the UK. High of 26C and low of 15C in London.
✏️Life coaching quote of the day
“Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for.” – Epicurus, Ancient Greek philosopher
Mighty takeaway: Take time to enjoy what you have now.
That’s it for this Monday morning. Thanks for reading and we’ll see you again on Wednesday.
Bye!
The Mighty Memo team