Filtered by Subscriptions: UK Markets Use setting UK Markets
Bank of England Governor Mervyn King today underlined the message that there are no quick fixes for the problems in the UK mortgage and housing markets. This supports the view that further sharp falls in house prices will prompt a deep downturn in the …
11th September 2008
We doubt that the US bailout of the Government Sponsored Enterprises Fannie Mae and Freddie Mac marks the end of the financial crisis. Indeed, the rebound in global equities has been short-lived and banks appear to have become even less willing to lend to …
The US government’s initially well-received intervention to support the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, has prompted debate over the case for similar sort of action to support the housing market in the UK. But there …
10th September 2008
This report is only available as a PDF. Click to download. … Trade (Jul.) …
9th September 2008
This report is only available as a PDF. Click to download. … RICS Housing Market Survey (Aug.) …
This report is only available as a PDF. Click to download. … Ind. Production & BRC Retail Sales (Jul./Aug.) …
8th September 2008
This report is only available as a PDF. Click to download. … Sterling job, Darling …
This report is only available as a PDF. Click to download. … UK Producer Prices (Aug.) …
7th September 2008
Lingering inflation concerns kept the Monetary Policy Committee’s finger off the interest rate trigger again today. But it is only a matter of time before it is forced to respond to the rapidly deteriorating outlook for the economy by cutting rates very …
4th September 2008
The Government today announced a number of measures designed to “meet current challenges in the housing market”. While some of the measures will help to ease the hardship faced by a few of the families worst affected by the housing market downturn, we are …
2nd September 2008
This report is only available as a PDF. Click to download. … UK CIPS Report on Services (Aug.) …
The pound’s recent sharp fall is good news for the future prospects of the UK’s exporters. But it won’t prevent the Monetary Policy Committee from having to cut interest rates aggressively in response to the deep downturn in the housing market and …
The sharp falls in oil, wholesale gas and agricultural commodity prices seen over the last month have dramatically improved the outlook for inflation further ahead. Admittedly, the recent hefty price hikes announced by a number of gas and electricity …
Household bad debt appears to have embarked on an upward trend at the start of this year, with borrowers starting to buckle under the pressure of the credit crunch. With unemployment now rising, debt problems are likely to become increasingly widespread. …
1st September 2008
This report is only available as a PDF. Click to download. … Households and firms to share burden of recession …
This report is only available as a PDF. Click to download. … UK CIPS Manuf. Report & Mortgage Approvals …
31st August 2008
The interest rate debate remains finely balanced, with lingering upside risks to inflation likely to keep interest rates on hold in September. However, the Monetary Policy Committee (MPC) appears to be edging gradually towards a loosening bias and we …
28th August 2008
This report is only available as a PDF. Click to download. … UK CBI Distributive Trades Survey (Aug.) …
27th August 2008
Recent news on the UK economy, coupled with the growing danger of a fall in bank lending, has left us even more concerned over the likely severity of the economic downturn. We now expect GDP to fall by around ¼% next year, the first full-year contraction …
26th August 2008
This report is only available as a PDF. Click to download. … Already in recession? …
25th August 2008
This report is only available as a PDF. Click to download. … GDP: Output, Income and Expenditure (Q2) …
22nd August 2008
Having previously looked complacent, the UK financial markets have started to respond to the gloomier outlook for the macro-economy. Interest rate expectations, bond yields, equities and the pound have all fallen sharply over recent weeks. Nonetheless, …
21st August 2008
The official retail sales data remain unusually volatile. But at the very least, it appears that the underlying trend in sales has been flat since the beginning of this year. What’s more, the gloomier message given by the surveys suggests that conditions …
This report is only available as a PDF. Click to download. … UK Retail Sales (Jul.) …
20th August 2008
This report is only available as a PDF. Click to download. … MPC Minutes (Aug.) & Public Finances (Jul.) …
19th August 2008
This report is only available as a PDF. Click to download. … UK economy near to recession “tipping point” …
This report is only available as a PDF. Click to download. … Dovish Report opens door to end year rate cut …
18th August 2008
The recent weakening in the outlook for the euro-zone economy – the destination for around half of the UK’s exports – suggests that there is a risk that activity in the UK will be even weaker than the Bank of England expects. … Weaker euro-zone economy to …
14th August 2008
The latest drop in the sterling exchange rate has been largely driven by short-term movements in interest rate expectations. But we see the fall as part of a long overdue adjustment which has significantly further to go. … Sterling's fundamental …
One year on from the start of the credit crunch, distortions in the money markets remain and most securitisation markets are still closed. But the sharp fall in the oil price over the last month appears to have eased the markets’ inflation concerns. …
This report is only available as a PDF. Click to download. … Bank of England Inflation Report (Aug.) …
13th August 2008
There are a number of ways in which a weakening housing market could affect the labour market adversely, potentially sparking a vicious circle of falling house prices and rising unemployment. … The dent to the labour market from falling house …
12th August 2008
This report is only available as a PDF. Click to download. … UK Labour Market Data (Jun./Jul.) …
This report is only available as a PDF. Click to download. … UK Consumer Prices (Jul.) …
11th August 2008
This report is only available as a PDF. Click to download. … MPC likely to talk tough in Inflation Report …
This report is only available as a PDF. Click to download. … Producer Prices & Trade (Jul./Jun.) …
10th August 2008
The sharp fall in the oil price in recent weeks has overshadowed the impact that the recent easing in global wholesale food prices is likely to have on inflation. While the lower level of wholesale food prices will not prevent CPI inflation from rising to …
8th August 2008
The growing likelihood of a recession, plus the recent falls in oil and commodity prices, kept the MPC’s finger off the interest rate trigger for another month. We continue to expect rates to be falling again by the end of the year and to drop much …
7th August 2008
The recession that looks likely does not have to be accompanied by falling employment - firms could just let productivity (i.e. output per worker) suffer instead. Indeed, employers have been reluctant to cut headcounts so far. But if previous slowdowns …
6th August 2008
