UK: New Retail Habits Persisting in Jul-20
Retail sales more than fully recovered their pre-lockdown level in July, but this remains supported by the rotation away from consumer services....
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UK: Covid-Costs Passed to Consumers in Jul-20
UK inflation data for Jul-20 delivered a surprise surge to 1% on the CPI and 1.6% on the RPI. Most prices have now ceased to be imputed, and the...
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UK: GDP Starts Recovery Within a Brutal Q2
UK GDP crashed by 20.4% in Q2 as many economic activities ceased during the lockdown. The staged re-opening of the economy had more traction in...
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UK: Its Non-Jobs, Not No Jobs in 2Q20
The unemployment rate remained at 3.9% again in June. Employment declined by 220k 3m-o-3m, but those people left the labour force, preventing a UR...
399 Views
BoE: Pushing Back Shock and Negative Rates
The BoE made no policy changes in August but published an overdue forecast update. The shock is now less concentrated in Q2 than indicatively...
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