UK: Collapse Less Apocalyptic than Feared
UK GDP’s collapse in Mar-20 did not match the almost apocalyptic depths that the Consensus feared. Its 5.8% m-o-m decline is dire, but close to my...
288 Views
Conservative FX Markets Testing (Some) Extremes
The majority of major developed and Emerging Market currencies have contnued to trade in narrow ranges versus the US Dollar in the past three...
447 Views
BoE: Going Late and Large in June
The BoE made no policy change at its May meeting, but two members dissented for £100bn more QE and the flow outlook seems undiminished. Governor...
264 Views
BoE: Raising Stock to Sustain the Flow
The prevailing state of the UK economy is unrecognisable relative to the BoE's last monetary policy report. Substantial downgrades are...
220 Views
UK: IP Slams into Shutdown During Apr-20
The UK manufacturing PMI only dipped 3.9-points in March, but it dived 15-points to 32.6 in Apr-20 as supply-shortages during the shutdown...
263 Views