BoE: Two Hyper-Activists Jump the Gun
The MPC split in Nov-19, with 2 of the 9 MPC members voting for a 25bp rate cut. Some of the concerns urging the activists to dissent should...
518 Views
BoE: Unwinding the Internal Inconsistency
Data have been mixed since August, but the market’s repricing of Brexit risk has delivered a substantial disinflationary shock. Medium-term...
323 Views
UK: IP Bounce Around Gloomy Levels in Oct-19
The UK manufacturing PMI bounced to 49.6 in Sep-19, despite the weakness in the CBI survey and elsewhere in Europe, which makes it seem unlikely...
403 Views
UK Politics: Election Payoff Profiles
A general election now seems set to be held on 12 December. The Conservatives are likely to win a small majority and ratify its Brexit deal,...
436 Views
UK: Bullish Trends Beneath Bias After Brexit
Political shenanigans continue to cloud the UK macro outlook, but as branches on the decision tree are trimmed in the coming weeks, the bullish...
408 Views