UK Data Response UK Consumer Prices (Oct.) October’s CPI figures could mark the start of a difficult period for the MPC. But we expect most members to hold their nerve and focus on the medium-term outlook. 16th November 2010 · 1 min read
UK Data Response UK Consumer Prices (Oct.) October’s CPI figures could mark the start of a difficult period for the MPC. But we expect most members to hold their nerve and focus on the medium-term outlook. 16th November 2010 · 1 min read
UK Data Response Bank of England Inflation Report (Nov.) The Bank of England’s November Inflation Report suggested that the door is still open for the Monetary Policy Committee (MPC) to follow the US Fed in extending its programme of asset purchases. 10th November 2010 · 1 min read
UK Data Response UK Industrial Production & Trade (Sep.) The UK industrial recovery, while still fairly healthy, seems to have lost a bit of pace. And the continued dismal net trade performance continues to cast a cloud over the outlook for the sector. 9th November 2010 · 1 min read
UK Data Response Producer Prices (Oct.) October’s UK producer prices figures won’t do a great deal to ease near-term inflation concerns. But neither should they worry the MPC too much. 5th November 2010 · 1 min read
UK Data Response Halifax House Prices (Oct.) October’s rise in the Halifax house price index was widely expected, given the size of the previous month’s drop. Moreover, although far stronger than consensus estimates for a 0.6% rise, the... 4th November 2010 · 1 min read
UK Data Response UK CIPS/Markit Report on Services (Oct.) October’s CIPS/Markit Report on Services continued the recent run of slightly better news on the strength of economic activity. But the recovery still appears to have slowed in the past couple of... 3rd November 2010 · 1 min read
UK Data Response CIPS/Markit Report on Manufacturing (Oct.) October’s UK CIPS/Markit report on manufacturing suggested that the industrial recovery has some momentum left. But there are still good reasons to think that the recovery will lose further pace in... 1st November 2010 · 1 min read
UK Data Response CBI Distributive Trades Survey (Oct.) October’s CBI distributive trades survey suggested that retail spending is still picking up at a rapid rate, but evidence from other sources – including the official sales data – indicate that... 28th October 2010 · 1 min read
UK Data Response Nationwide House Prices (Oct.) The Nationwide house price index fell for the third time in four months in October. As such, the data suggest that the key question facing the market is no longer “Will house prices fall?” but rather... 28th October 2010 · 1 min read
UK Data Response Preliminary GDP (Q3) The unexpectedly strong growth in the UK economy in Q3 is a welcome surprise and will probably delay a further bout of quantitative easing. But we still expect growth to slow sharply next year as the... 26th October 2010 · 1 min read
UK Data Response UK Retail Sales (Sep.) September’s retail sales figures provided further evidence to suggest that consumers have begun to rein in their expenditure even before the fiscal squeeze has begun. 21st October 2010 · 1 min read
UK Data Response MPC Minutes (Oct.), M4 & Public Finances (Sep.) The minutes to October’s MPC meeting provided further evidence to suggest that the Committee is moving closer to recommencing quantitative easing, while September’s public finance figures cast further... 20th October 2010 · 1 min read
UK Data Response UK Labour Data (Aug./Sep.) The labour market recovery appears to be faltering, even before the public sector job cuts really begin. We stand by our long-held view that unemployment will eventually rise all the way to 3 million... 13th October 2010 · 1 min read
UK Data Response UK Labour Data (Aug./Sep.) The labour market recovery appears to be faltering, even before the public sector job cuts really begin. We stand by our long-held view that unemployment will eventually rise all the way to 3 million... 13th October 2010 · 1 min read
UK Data Response UK Consumer Prices (Sep.) UK consumer price inflation remains stubbornly high. But that is unlikely to prevent the Monetary Policy Committee from providing the economy with further policy support should activity continue to... 12th October 2010 · 1 min read