HEW: Reflating Tighter for Longer
Despite no policy decisions this week, hawkish moves continued as UK price and wage inflation exceeded expectations and FOMC comments suggested...
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BoE Should Move Behind the Fed and ECB
Hawkish surprises in the UK and US data pushed back rate cut pricing. Dovish comments from Bailey still weigh on BoE rates, inappropriately...
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EA Inflation Subdued Enough for the ECB
The final EA HICP inflation print confirmed the downside surprise to 2.4% from the flash release. Progress gets more challenging as energy and...
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UK Stuck With High Services Inflation
UK CPI inflation exceeded the consensus by 0.1pp as it only slowed to 3.2% in March, as we forecasted. Services inflation stuck at 6%, and...
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UK Paying More for Fewer Workers
UK unemployment jumped surprisingly far in February 2024 to hit 4.2% as employment fell. More long-term jobless suggests this is neither a new...
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