UK: Retail Recovery Rotated off High Streets
Retail sales roughly recovered their pre-lockdown level in June on a 13.9% m-o-m surge. That was another substantial upside surprise, but it is...
282 Views
UK: Employment Flipping the V-Narrative
The unemployment rate remained at 3.9% in May, contrary to all expectations yet again. The UR is now over 3pp below the BoE’s ludicrous nowcast...
327 Views
UK: Inflated June to Be Crushed by Methodology
UK inflation data was broadly slightly stronger than the Consensus expected in Jun-20 as the CPI rate increased to 0.6% and the RPI to 1.1%....
329 Views
UK: GDP Limping from Lows in May-20
UK GDP bounced by only 1.8% m-o-m in May-20 from its depressed lows. Although the ONS confirmed an initial recovery in retail, manufacturing and...
354 Views
Major Economies & Currencies – What to Look Out for and Why It Matters
Price action in major currencies was again subdued last week. With few tier-one macro data releases for markets to trade off the focus was on the...
387 Views