A secular trend is a long-term phenomenon, whereas a cyclical trend is short-term and will eventually reverse.
Secular trends are usually based on structural, underlying changes that mean something has altered that will affect asset values in the long term. Cyclical trends relate to the state of the economy: when it rises, so will the asset, and vice versa.
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Inflation holds steady at 3.8% ahead of BoE meetingThe rate of inflation did not rise in August, but the Bank of England is still expected to keep interest rates on hold tomorrow
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Thousands of savers with £250k pensions take cash over tax-free money and IHT fearsWith a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth
