UK: IP Signs Converge on Contraction in 2Q19
The sharp slide in the UK’s manufacturing PMI continued in Jun-19 as the headline fell by 1.4-points to 48.0 driven by the output balance diving...
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BoE: Hawks Caught on Inconsistencies
The MPC was unanimous in leaving policy unchanged again in June-19, as expected. Looser financial conditions raise hawkish pressures, but only to...
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UK: Sales Damped to a Bullish Trend in May-19
UK retail sales declined by 0.5% m-o-m in May-19, in line with expectations. This fall has returned the level of sales to their trend, which...
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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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