UK: Bullish Black Friday Effect Hitting Dec-19
The ONS reports a 0.6% m-o-m decline in UK retail sales for “November”, but that does not include sales on Black Friday or the preceding week. The...
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UK Inflation: Nov-19 Strength Partly Persists
UK inflation exceeded expectations in Nov-19, mostly due to food prices amid payback and rapid passthrough of wholesale pressure. Thomas Cook’s...
506 Views
UK: Labour Resilience Ahead of Brexit Resolution
The unemployment rate remained at 3.8% in Oct-19, as I expected, but is now on the cusp of rounding down, contrary to the consensus forecast for...
470 Views
Tory Landslide Prepares the Ground for an Economic Rebound for GB and Ireland
Boris Johnson has secured the strongest Conservative mandate since Margaret Thatcher in 1987, with an 80-seat majority in the House of Commons and...
486 Views
UK: Political Risk Subsides on a Massive Majority
The Conservative Party won a landslide majority, thereby assuring a smooth withdrawal from the EU and reducing risks around future trade...
427 Views