UK Data Response GDP: Output, Income and Expenditure (Q2) The second estimate of UK GDP revealed that the economy expanded even more quickly than previously estimated in the second quarter. But the figures cast further doubt on the sustainability of the... 27th August 2010 · 1 min read
UK Data Response UK Retail Sales & Public Finances (Jul.) Not only did the latest UK data suggest that the fiscal position is tentatively improving, but it looks like the slowdown emerging in the wider economy has not spread to the high street yet. 19th August 2010 · 1 min read
UK Data Response MPC Minutes (Aug.) The minutes of August’s Monetary Policy Committee (MPC) meeting suggested that policy is unlikely to change – in either direction – for some time yet. But we still think that a further policy... 18th August 2010 · 1 min read
UK Data Response MPC Minutes (Aug.) The minutes of August’s Monetary Policy Committee (MPC) meeting suggested that policy is unlikely to change – in either direction – for some time yet. But we still think that a further policy... 18th August 2010 · 1 min read
UK Data Response UK Consumer Prices (Jul.) July’s consumer prices figures should provide some reassurance that underlying price pressures in the UK economy are finally starting to ease. 17th August 2010 · 1 min read
UK Data Response Core price pressures finally starting to ease July’s consumer prices figures should provide some reassurance that underlying price pressures in the UK economy are finally starting to ease. 17th August 2010 · 1 min read
UK Data Response Bank of England Inflation Report (Aug.) The Bank of England’s August Inflation Report confirmed that the MPC still expects inflation to fall back sharply once temporary upward forces fade. As such, a policy loosening still looks more likely... 11th August 2010 · 1 min read
UK Data Response Bank of England Inflation Report (Aug.) The Bank of England’s August Inflation Report confirmed that the MPC still expects inflation to fall back sharply once temporary upward forces fade. As such, a policy loosening still looks more likely... 11th August 2010 · 1 min read
UK Data Response UK Labour Data (Jun./Jul.) The latest UK labour market figures showed that employment is rising strongly now that the wider economic recovery has gained some momentum. But the looming fiscal squeeze suggests that this will be... 11th August 2010 · 1 min read
UK Data Response UK Trade (Jun.) & BRC Retail Sales Monitor (Jul.) June’s trade figures were better than expected, but it still looks unlikely that the external sector will be able to offset the weakening already emerging on the consumer side of the economy. 10th August 2010 · 1 min read
UK Data Response UK Ind. Production (Jun.) & Producer Prices (Jul.) The latest data on UK industry suggest that, for now at least, both activity and cost pressures in the sector remain pretty strong. But there are good reasons for expecting both to weaken somewhat... 6th August 2010 · 1 min read
UK Data Response UK CIPS/Markit Report on Services (Jul.) July’s UK CIPS/Markit report on services provided further evidence that the economic recovery has cooled since the strong 1.1% quarterly rise in GDP in Q2. 4th August 2010 · 1 min read
UK Data Response Halifax House Prices (Jul.) House prices rose in July, reversing some of the recent falls. But this does not alter our view that prices are set for a period of considerable weakness in the remainder of this year and into 2011. 4th August 2010 · 1 min read
UK Data Response Halifax House Prices (Jul.) House prices rose in July, reversing some of the recent falls. But this does not alter our view that prices are set for a period of considerable weakness in the remainder of this year and into 2011. 4th August 2010 · 1 min read
UK Data Response CIPS/Markit Report on Manufacturing (Jul.) July’s UK CIPS/Markit report on manufacturing brought further evidence that the recent impressive recovery in the industrial sector of the economy is beginning to lose a little bit of steam. 2nd August 2010 · 1 min read
UK Data Response Mortgage Lending (Jun.) The subdued picture of lending activity was reinforced today as mortgage approvals for house purchase recorded their largest fall for five months. Although we doubt approvals will fall significantly... 29th July 2010 · 1 min read