UK Inflation: Temporary Resurgence in Jan-20
UK inflation broadly exceeded Consensus expectations in Jan-20, with the CPI rate printing at 1.77% and the RPI at 2.7% (index of 290.6). However,...
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UK: Jobs Making All the Right Moves at End-19
Employment maintained rapid growth in 4Q19 at 180k, in line with my forecast. Sampling effects have exaggerated the upswing after similarly...
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UK: GDP Rebound Begins in Dec-19
UK GDP ended 2019 on a strong note after a 0.3% m-o-m December rebound. The constant average level of activity in 4Q19 was depressed by dodgy...
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UK: Surveys Smashing Doves in Jan-20
The services PMI surged to 53.9 in Jan-20: 1-point up on the flash and almost four up on Dec-19. The decisive election outcome has crushed...
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BoE: Rate Cut Resisted as Reaction Function Flexes
The MPC split 7-2 again in favour of keeping Bank rate at 0.75%, which surprised some expectations for a rate cut but was consistent with my...
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