BoE: Wakey Wakey Rise and Shine
Soft survey data and an imminent risk of a disorderly Brexit raised the option value of delaying a hike in Feb-19. Resilient real data and the...
484 Views
UK: BoE Confronted by Irrepressible Consumers
UK retail sales surged further above trend in Mar-19, and now raise upside risks to my already bullish 1Q19 GDP growth forecast of 0.5%...
561 Views
UK Inflation: Stable Before the Apr-19 Surge
UK inflation data were disappointingly stable, with the CPI at 1.9% and the RPI rate rounding down to 2.44% (index at 288.1). Airfares and...
599 Views
UK: Melt-Up Continues in Feb-19
The LFS unemployment rate remained at 3.9% in Feb-19 amid rapid growth in volumes despite Brexit uncertainty. The labour market’s melt-up has...
617 Views
UK: 1Q19 GDP Growth Tracking up to 0.5%
UK monthly GDP stayed surprisingly strong in Feb-19, growing 0.2% m-o-m after 0.5% in Jan-19. Services matched my bullish forecast and show no...
544 Views