UK Inflation: Broad Resilience Against May-19 Airfares
UK inflation data for May-19 contained a broad mix of small upside surprises that are suggestive of underlying resilience, even while the headline...
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Preview: BoE Hawks Doused by GDP Data
Excess demand and inflation are applying hawkish pressures to the MPC that might not normally be tolerable. The MPC’s hawkish message in May has...
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UK: Wage Revisions Provide a Hawkish Reminder
The LFS unemployment rate remained at 3.8% in Apr-19, while employment exceeded expectations. The temporary maintenance related demand shock need...
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UK: GDP Fall Fades Hawkish Bias for Bank Rate
UK monthly GDP crashed by 0.4% m-o-m amid a record decline in the car manufacturing industry. The concentration of maintenance schedules should...
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UK: Surveys Stay Stagnant in May-19
The UK services PMI marginally exceeded expectations by rising to 51.0 in May-19 while others declined. Surveys still suggest stagnation but are...
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