UK: Melt-Up Continues in Feb-19
The LFS unemployment rate remained at 3.9% in Feb-19 amid rapid growth in volumes despite Brexit uncertainty. The labour market’s melt-up has...
618 Views
UK: 1Q19 GDP Growth Tracking up to 0.5%
UK monthly GDP stayed surprisingly strong in Feb-19, growing 0.2% m-o-m after 0.5% in Jan-19. Services matched my bullish forecast and show no...
545 Views
Brexit: No Soft-Touch Extension
The European Council will consider the UK’s latest request for an extension at its 10 April meeting. It is not a soft touch seeking to reward...
526 Views
The Probability Of "Softer Brexit" Rises Markedly; No-Deal Brexit Virtually Ruled Out
After numerous false starts -- including a narrow defeat of "permanent Customs Union" last Wednesday (8 votes) and this Monday (3 votes) -- the...
551 Views
UK: PMIs Diverge as Bias Intensifies in Mar-19
The pace of activity growth implied by the UK services PMI collapsed again in Mar-19 as the index fell by 2.4 points to 48.9. It is biased to...
521 Views