UK: Wages Surge Before Vacancies Risk Crystalises
Headline labour market data were mixed in Jul-19 as wages surged, supported by positive revision tendencies, but the unemployment rate increased...
356 Views
UK: GDP Contraction Before Brexit Bifurcation
UK GDP disappointed expectations in June as output was flat on the month. Together with downward revisions, output contracted by 0.2% q-o-q in...
401 Views
Brexit: Bimodal Forecasts and the BoE
The UK’s outlook remains bimodal around Brexit, with shifting probabilities driving market pricing. As the BoE assumes a deal, it has now...
415 Views
UK: Jul-19 Surveys Still in Gloomy Ranges
The services PMI exceeded expectations in Jul-19 as it increased by 1.2 to 51.4. That is towards the top of the range achieved since Brexit...
390 Views
BoE: Still Hawkish in Smooth Brexit Scenario
The MPC was unanimous in leaving policy unchanged again in Aug-19, as expected. Further monetary stimulus from markets pricing risk of no-deal...
407 Views