Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

5 Things We Watch – US CPI, Japan, China, Germany & Central Banks

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>Welcome to our UK CPI preview.</li><li>We find the market consensus overly hawkish ahead of the release tomorrow and especially see softness in Services and Food relative to the market pricing.</li><li>February is typically not an overly seasonally hot month for inflation, but in 2022 and 2023, February inflation printed at worrisome levels MoM. </li></ul>

Welcome to our UK CPI preview.We find the market consensus overly hawkish ahead of the release tomorrow and especially see softness in Services and Food relative to the market pricing.February is typically not an overly seasonally hot month for inflation, but in 2022 and 2023, February inflation printed at worrisome levels MoM. 

UK CPI Watch: Softer than priced in..