UK: Consumers Drown Their Sorrows
The bleak retail performance of the previous two months surprisingly reversed as sales surged by 1.4%. Demand for booze dominated falling non-food...
620 Views
UK: Labour Market Cycles Inflation Up
The UK's combination of rising wage deals and falling unemployment looks to be around a cyclical peak in underlying inflation pressures, probably...
534 Views
UK: Cars Drive GDP Growth Back a Month
UK GDP growth declined in March as new car deliveries got delayed until April. The trend also disappointed amid downwards revisions and...
377 Views
Positioning and Imbalances
Efforts to identify peak inflation and yields or lows in growth stocks and new investments have not worked in 2022. The assumption has been...
357 Views
UK: Crushed Retail Will Hurt GDP
UK retail disappointed to a shocking extent as inflation bites. GDP is at risk of declining in March. We expect zero growth and maintain our below...
639 Views