UK: Its Non-Jobs, Not No Jobs in 2Q20
The unemployment rate remained at 3.9% again in June. Employment declined by 220k 3m-o-3m, but those people left the labour force, preventing a UR...
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BoE: Pushing Back Shock and Negative Rates
The BoE made no policy changes in August but published an overdue forecast update. The shock is now less concentrated in Q2 than indicatively...
306 Views
BoE: Steady Hand During Calligraphy Lesson
The BoE seems set to announce no change in either Bank rate or QE alongside the August MPR, after extending asset purchases and slowing the pace...
280 Views
Warnings About US Economy and Dollar Overblown
The United States’ post-war record GDP contraction in Q2 of 9.5% qoq and the Dollar’s recent depreciation have been making headline news but some...
372 Views
Retail Sales Key to UK Economic Growth Recovery
The volume of retail sales – the value of the sale of goods adjusted for domestic inflation – rose a faster-than-expected 14% mom in June. In level...
500 Views