The Weekly Market Monitor – Another Hawkish Twist
The Bank of England confirms central banks and more monetary tightening is coming. Will investors shy away from (very) expensive equities and look...
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UK: Retail Rebounds to Still-Bleak Trends
Retail sales rebounded with working days after the Queen’s funeral. It also appeared to draw support from Amazon’s Prime Early Access sale. Rate...
388 Views
UK: Labour Fits the Fall Season
The UK unemployment rate surprisingly jumped to 3.6% in Sep-22. An earlier turn means it tracks a rise about 0.1pp above the BoE view. We still see...
338 Views
UK: Housing Market Skids Toward a Crash
Surveys confirm anecdotal evidence of a severe shock hitting the UK housing market. We now assume a 5% price decline but see the market on the cusp...
384 Views
BoE: Hikes Reaching Exhaustion Early
The BoE hiked by 75bps in Nov-22, as expected. Guidance is explicit about market pricing peaking too high. Two MPC members dissented dovishly, and...
191 Views