BoE: Neutralising Net Issuance
The BoE started to stimulate alongside the Budget and launched an aggressive QE programme after a deterioration in the gilt market’s functioning....
286 Views
UK: Not Smashed by Lockdown, Yet
Economists expected a surge in jobless claims, but they got a surge in employment instead. However, all the headline statistics in the latest...
321 Views
UK: Output Recession Began in Feb-20
UK GDP disappointed expectations by declining 0.1% m-o-m in Feb-20 as wet weather washed out construction to a 1.7% decline. Such moves hardly...
372 Views
UK: Services Smashed by Mar-20 Shutdown
The UK services PMI crashed 18.7 points to 34.5, which was 1.2-points below the flash as costs mounted. That implies a 4% quarterly fall in...
313 Views
UK: IP Shutdown Starts Small in Mar-20
The UK manufacturing PMI dropped 3.9 points to 47.8, which is where it broadly was throughout 19H2. Output and new orders decline by more, with...
317 Views