BoE: Refilling Gilt Buckets with Revisions
The depths of UK depression do not seem as deep as the BoE expected, but it is still an enormous shock that monetary policy needs to maintain...
291 Views
USD Bounce Support with Sell a Bounce Macro Stance
Dollar Index (DXY) (DXY CURNCY) met the 97 downside target. 96.80 pivot support under pressure but the level to stage a tactical rally but must...
274 Views
UK: Industrial Bounce-Back Begins in May-20
The UK manufacturing PMI rebounded by 8.1-points in May-20 to 40.7, while the output balance rose 18.7-points to 35. Resurgent demand from...
265 Views
UK: Scaling the Apr-20 Sales Hit to GDP
Retail sales collapsed by 18% m-o-m in Apr-20 (15% ex-fuel), taking the total decline to 22%. The overall hit appears to closely coincide with the...
110 Views
UK: Still Defying Dismally Dire Expectations
The unemployment rate dipped back to 3.9% in March contrary to widespread expectations for a rise. Low response rates seem to have biased this...
68 Views