BoE: Carney’s Parting Policy Mistake?
The MPC seems to have lost confidence in its forecast and become myopic, which increases the weight on recent data weakness. However, those data...
366 Views
UK: Employment Booms Before Boris-Bounce
Employment unexpectedly surged by 208k 3m-o-3m in Nov-19, even ahead of any potential Boris-bounce to other activity data. The labour market still...
367 Views
UK: Dec-19 Sales Smashed by Statisticians
The ONS reported retail statistics that simultaneously show an average end to an expansionary year and one of the worst periods on record....
337 Views
UK Inflation: Dec-19 Disrupted by Complex Seasonal
UK inflation disappointed expectations in Dec-19 as an early index date drove airfares to undershoot even my below-Consensus forecast. 70% of that...
341 Views
UK: Reprofiled GDP Doesn’t Create Dovish Slack
UK GDP was revised higher ahead of a surprisingly sizeable Brexit-related shock in Nov-19, which left the level in line with my forecast....
268 Views