BoE: Rejecting Imported Stimulus
The BoE significantly upgraded its forecasts for GDP growth and excess demand as the economy was stimulated by lower interest rates despite a much...
320 Views
UK: PMI Payback in Apr-19 Still Below Reality
The services PMI matched the other sectors with partial payback in Apr-19. It remains subdued, but it is also still biased to exaggerate the...
453 Views
BoE: Gloomy Patience Postponing Policy Response
The MPC was unanimous in leaving policy unchanged again in May-19, as expected. Reality’s robustness has raised the BoE’s growth forecasts and the...
433 Views
UK: Manufacturing’s Sprightly Spring-19
The UK’s manufacturing PMI retreated two-points to 53.1 in Apr-19, broadly as expected. Inventory accumulation has helped the UK remain well-above...
443 Views
Brexit Risk Still on Vacation
As MPs return from their Easter holidays, the politics are not yet conducive for a breakthrough. Neither a cross-party deal nor Conservative...
488 Views