UK: Mar-20 Sales Reveal Sectoral Level Hits
Retail sales crashed by 5.1% m-o-m in Mar-20. That refers to an average level between 1 March and 4 April so is still supported by the...
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BoE: Neutralising Net Issuance
The BoE started to stimulate alongside the Budget and launched an aggressive QE programme after a deterioration in the gilt market’s functioning....
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UK Inflation: Wile E. Coyote Moment in Mar-20
UK inflation data were relatively stable in Mar-20, with the CPI dipping to 1.5% while the RPI surprisingly increased to 2.6% y-o-y. Clothing...
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UK: Not Smashed by Lockdown, Yet
Economists expected a surge in jobless claims, but they got a surge in employment instead. However, all the headline statistics in the latest...
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UK: Output Recession Began in Feb-20
UK GDP disappointed expectations by declining 0.1% m-o-m in Feb-20 as wet weather washed out construction to a 1.7% decline. Such moves hardly...
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