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...
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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...
389 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...
425 Views
UK: Inflated June to Be Crushed by Methodology
UK inflation data was broadly slightly stronger than the Consensus expected in Jun-20 as the CPI rate increased to 0.6% and the RPI to 1.1%....
413 Views
UK: GDP Limping from Lows in May-20
UK GDP bounced by only 1.8% m-o-m in May-20 from its depressed lows. Although the ONS confirmed an initial recovery in retail, manufacturing and...
451 Views