UK: Consumers Spending Salary but Losing PPI
UK retail sales marginally contracted in Oct-19 back to their still brisk trend. Real wage growth has supported spend and should keep doing so...
410 Views
UK Inflation: Oct-19 Surprise Repeats History
UK inflation data for Oct-19 disappointed consensus expectations again, consistent with the pattern of previous years, but broadly matched my...
413 Views
UK: Labour Market Tighter than BoE Believes
The unemployment rate returned to its lows at 3.8% in Sep-19 while declines in broader measures of underemployment intensified. Experiences of...
450 Views
UK: GDP Slowdown Exaggerated by BoE
UK GDP growth rebounded by 0.3% q-o-q in 3Q19. That was slightly softer than expected, mainly owing to a revision and unfavourable rounding....
422 Views
BoE: Two Hyper-Activists Jump the Gun
The MPC split in Nov-19, with 2 of the 9 MPC members voting for a 25bp rate cut. Some of the concerns urging the activists to dissent should...
518 Views