UK: Recovery Lags in Most Sectors Through June
The rebound in some survey balances and sectoral indicators has raised relatively bullish expectations about the recovery. However, balances are...
416 Views
Risk Aversion, Not Panic, in Face of Uncertainty
Major currencies, equity markets and the price of crude oil since 8th June – the cycle low in the US Dollar – have exhibited reasonably limited...
636 Views
UK: VAT Cut Is a Feasible Folly
Recent reports indicate the government is considering a temporary VAT cut, despite historical evidence that it makes little difference to UK...
404 Views
UK: 40% Recovery in May-20 Split Unevenly
UK retail sales rebounded by double the expected amount in May-20, with the 12% m-o-m rise recovering 40% of the level lost in the lockdown. A...
382 Views
BoE: Slowing Stimulus Surprisingly Soon
The BoE has increased its asset purchase target by £100bn. Rather than being a top-up until August, though, the MPC will stretch the programme...
398 Views