UK: Low CPI As Seasonal Sales Extend
UK CPI inflation slowed by 15bps to 2.84%, rounding slightly under expectations. The services rate was surprisingly resilient, and January’s...
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PMI Spring Vibe Shifts
A resurgence in the US and UK services PMIs seems inconsistent with renewed dovish pricing that assumes activity weakness. Vibes may be throwing...
311 Views
HEW: Hard Data And Deferred Decisions
The latest UK labour market report shows ongoing resilience in hard data compared to soft data, with policymakers focusing more on hard strength...
538 Views
BoE Dove Beaten Into Submission
The BoE unsurprisingly held its policy rate at 4.5% in March, preserving its gradual easing path after resilient recent data. Only one MPC member...
541 Views
UK: Tight Jobs Market Persists Into 2025
Unemployment remained at 4.4% in January amid rapid employment growth. Recent data suggest that the unemployment rate will likely decline over the...
257 Views