UK Economics Update Mapping economic reforms for the UK The numerous “plans for growth” that have been announced by the Government, the Opposition, and various commentators in recent months vary in their analytical rigour but all miss one crucial point... 9th March 2023 · 7 mins read
UK Housing Market Data Response RICS Residential Market Survey (Feb.) The slight recovery in the new buyer enquiries balance in February suggested that the reversal of the autumn spike in mortgage rates allowed a limited revival in demand. But with sales volumes falling... 9th March 2023 · 3 mins read
US Economics Update JOLTS show drop back in both openings and quits The JOLTS survey showed a drop back in job openings in January, with the timelier job postings data from Indeed pointing to a more marked deterioration in labour market conditions in February. 8th March 2023 · 2 mins read
Capital Daily Risky assets largely shrugging off “higher for longer” Most “risky” assets have taken a knock in the past month. But this mainly seems to reflect an adjustment in valuations to higher “risk-free” rates, rather than growing concerns about tighter policy... 8th March 2023 · 7 mins read
Event Euro-zone Drop-In: ECB March meeting preview 1678788000 With another 50bps rate hike at the European Central Bank’s March meeting looking like a done deal, all eyes will be on how policymakers signal the path ahead for monetary tightening.
US Data Response International Trade (Jan.) The widening in the international trade deficit to $68.3bn in January, from $67.2bn, included big rebounds in both imports and exports which, at face value, add to the signs that demand is... 8th March 2023 · 3 mins read
UK Economics Focus Spring Budget 2023 Preview We expect the Spring Budget on 15 th March to contain some giveaways confined to 2023/24. But a downgrade to the Office for Budget Responsibility’s (OBR) medium-term GDP growth forecasts will prevent... 8th March 2023 · 17 mins read
UK Commercial Property Update Industrial pipeline not a major risk A record amount of industrial space is currently under construction, which looks poorly timed given the upcoming recession. However, the sector is entering the downturn in a strong position with very... 8th March 2023 · 4 mins read
Event UK Drop-In: The economic and market consequences of the Spring Budget 1678894200 What will UK Chancellor Jeremy Hunt deliver in his Spring Budget?
Global Economics Focus Most of the monetary hit is yet to be felt We think that most – perhaps two thirds – of the drag on activity from tighter monetary policy in advanced economies is still to come through in 2023. So, despite some surprisingly resilient data... 7th March 2023 · 26 mins read
UK Housing Market Data Response Recovery in house prices adds to optimism The substantial recovery in Halifax house prices in February added weight to the view that we will see a stand off between buyers and sellers that causes transactions to slump, but minimal price falls... 7th March 2023 · 3 mins read
Australia & New Zealand Economics Update RBA not done tightening yet The Reserve Bank of Australia signalled that further tightening will be needed when it hiked the cash rate to 3.60% today and we’re sticking to our forecast that the Bank will lift the cash rate to 4... 7th March 2023 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Mar 23) 7th March 2023 · 2 mins read