HEW: Braced For Reciprocal Tariffs
Strong US and UK PMIs boosted the US economy, however, low CPI hindered the bullish effect on the BoE. The UK government manipulated its Spring...
310 Views
UK Fiscal Smoke Over Treading Water
Attempts to recreate fiscal headroom after slippage rely on implausible and optimistic assumptions. Further tax rises and delayed prudence are...
268 Views
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...
272 Views
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...
352 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...
540 Views