BoE: Steady Hand During Calligraphy Lesson
The BoE seems set to announce no change in either Bank rate or QE alongside the August MPR, after extending asset purchases and slowing the pace...
385 Views
Warnings About US Economy and Dollar Overblown
The United States’ post-war record GDP contraction in Q2 of 9.5% qoq and the Dollar’s recent depreciation have been making headline news but some...
501 Views
Retail Sales Key to UK Economic Growth Recovery
The volume of retail sales – the value of the sale of goods adjusted for domestic inflation – rose a faster-than-expected 14% mom in June. In level...
622 Views
UK: Retail Recovery Rotated off High Streets
Retail sales roughly recovered their pre-lockdown level in June on a 13.9% m-o-m surge. That was another substantial upside surprise, but it is...
390 Views
UK: Employment Flipping the V-Narrative
The unemployment rate remained at 3.9% in May, contrary to all expectations yet again. The UR is now over 3pp below the BoE’s ludicrous nowcast...
426 Views