UK: Covid-Costs Passed to Consumers in Jul-20
UK inflation data for Jul-20 delivered a surprise surge to 1% on the CPI and 1.6% on the RPI. Most prices have now ceased to be imputed, and the...
274 Views
UK: GDP Starts Recovery Within a Brutal Q2
UK GDP crashed by 20.4% in Q2 as many economic activities ceased during the lockdown. The staged re-opening of the economy had more traction in...
301 Views
UK: Its Non-Jobs, Not No Jobs in 2Q20
The unemployment rate remained at 3.9% again in June. Employment declined by 220k 3m-o-3m, but those people left the labour force, preventing a UR...
324 Views
BoE: Pushing Back Shock and Negative Rates
The BoE made no policy changes in August but published an overdue forecast update. The shock is now less concentrated in Q2 than indicatively...
305 Views
BoE: Steady Hand During Calligraphy Lesson
The BoE seems set to announce no change in either Bank rate or QE alongside the August MPR, after extending asset purchases and slowing the pace...
279 Views