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....
418 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
BoE: Unwinding the Internal Inconsistency
Data have been mixed since August, but the market’s repricing of Brexit risk has delivered a substantial disinflationary shock. Medium-term...
322 Views
UK: IP Bounce Around Gloomy Levels in Oct-19
The UK manufacturing PMI bounced to 49.6 in Sep-19, despite the weakness in the CBI survey and elsewhere in Europe, which makes it seem unlikely...
403 Views
UK Politics: Election Payoff Profiles
A general election now seems set to be held on 12 December. The Conservatives are likely to win a small majority and ratify its Brexit deal,...
436 Views