Filtered by Subscriptions: UK Markets Use setting UK Markets
This report is only available as a PDF. Click to download. … Halifax House Price Index (Feb.) …
6th March 2008
This report is only available as a PDF. Click to download. … UK CIPS/RBS Report on Services (Feb.) …
5th March 2008
The recent renewed rise in interbank lending rates is an unwelcome development which means that the MPC will have to work harder to support economic activity. This supports our view that interest rates will eventually fall further than the markets or most …
4th March 2008
Attention has focused on the fact that credit conditions are tightening for even non-subprime households. However, corporates are suffering too. Not only have banks tightened their lending conditions for companies, but the cost of raising funds in the …
This report is only available as a PDF. Click to download. … UK CIPS/RBS Report on Manufacturing (Feb.) …
3rd March 2008
The last month has brought more evidence that pipeline price pressures are strengthening. Producers’ input and output prices rose at record rates in January. (See Chart of the Month.) And the jump in the oil price above $100 per barrel and the further …
This report is only available as a PDF. Click to download. … Rebalancing underway? …
Our measure of household bad debt fell in the final quarter of last year. However, bad debts are likely to start rising again before long as the rises in interest rates in 2006/07 start to take effect and, in time, this rise will clearly be exacerbated by …
29th February 2008
This report is only available as a PDF. Click to download. … UK N'wide House Prices (Feb) & Mortgage approvals (Jan) …
The recent economic news has deepened the dilemma facing the Monetary Policy Committee posed by slowing activity on the one hand and strengthening price pressures on the other. But recent speeches by various MPC members suggest that the Committee is …
28th February 2008
This report is only available as a PDF. Click to download. … GDP: Output, Income and Expenditure (Q4) …
27th February 2008
This report is only available as a PDF. Click to download. … UK CBI Distributive Trades & Business Investment (Feb./Q4) …
26th February 2008
This report is only available as a PDF. Click to download. … Will consumers surprise us again? …
25th February 2008
The rebound in retail sales in January underlined last year’s lesson not to underestimate the resilience of UK consumers. However, the more discretionary part of sales – non-food – remains fairly sluggish. And spending off the high street (which is the …
21st February 2008
The sharp falls in equity prices in recent months have narrowed the unusual gap that had opened up between the equity market’s apparent expectations for the economy and those of the bond market. Both the equity and bond markets now appear to be expecting …
The MPC remains concerned that inflation expectations will fail to drop back later this year even as inflation itself falls. After all, this is exactly what happened last year. Nonetheless, there are a couple of good reasons why inflation expectations are …
This report is only available as a PDF. Click to download. … UK Retail Sales (Jan.) …
The reported increase in the number of Polish workers returning home from the UK will favour Poland’s growth prospects to the detriment of the UK’s. However, this is a long-term development that will not prompt a radical shift in monetary policy by either …
Today’s various releases brought tentative signs that the threat of a sharp pick-up in pay growth during the main start-of-year pay round is failing to materialise. Accordingly, this appears to be at least one upside inflation risk about which the …
20th February 2008
This report is only available as a PDF. Click to download. … CBI Monthly Trends (Feb.) …
This report is only available as a PDF. Click to download. … MPC Minutes (Feb.) & Public Finances (Jan.) …
As Northern Rock’s £100bn of liabilities have already been taken onto the Government’s books, nationalisation does not change anything from an accounting point of view. However, it does mean that the dent to the Government’s balance sheet will last …
18th February 2008
This report is only available as a PDF. Click to download. … MPC too pessimistic on inflation …
Speculation is mounting that the Chancellor might ultimately decide to follow the US lead and deliver a fiscal stimulus to the economy. With the housing market in the doldrums, and first time buyer demand particularly weak, one option he might consider …
15th February 2008
The recent strength of employment growth suggests that the labour market is in rude health. However, with some of the more forward-looking measures of employment intentions having started to weaken, we doubt that this strength will persist for much …
Bond markets appear to have become much more concerned about the inflation outlook in the UK than elsewhere. Nonetheless, with the UK on the cusp of a sharp slowdown in activity, it might not be too long before the bond market’s inflation fears start to …
14th February 2008
This report is only available as a PDF. Click to download. … Bank of England Inflation Report (Feb.) …
13th February 2008
This report is only available as a PDF. Click to download. … UK Labour Market Data (Dec./Jan.) …
Early signs that UK exporters are using the fall in the pound to boost their profit margins rather than their competitiveness could mean that the lower exchange rate does not lead to the rebalancing of the economy that most commentators, including the …
12th February 2008
This report is only available as a PDF. Click to download. … UK Consumer Prices (Jan.) …
This report is only available as a PDF. Click to download. … UK BRC Retail Sales Monitor (Jan.) …
The markets are increasingly coming round to our view that the slower the MPC cuts interest rates, the further interest rates might eventually have to fall. While the markets’ expectations for where interest rates will be in June have remained broadly …
11th February 2008
This report is only available as a PDF. Click to download. … Producer Prices & Trade (Jan./Dec.) …
This report is only available as a PDF. Click to download. … CLG House Prices (Dec) & Mortgage Rates (Jan) …
This report is only available as a PDF. Click to download. … Inflation Report could disappoint rate expectations …
This report is only available as a PDF. Click to download. … Mortgage arrears and possessions …
8th February 2008
The decision by National Statistics to take Northern Rock onto the Government’s books may not necessarily break the Government’s Sustainable Investment Rule. Nonetheless, it clearly deals another blow to the already unhealthy fiscal position. … Northern …
7th February 2008
Today’s decision by the Monetary Policy Committee to cut interest rates by just 25 bps would seem to confirm that lingering inflation concerns will restrict policy loosening to a gradual pace over the coming months, increasing the risk of a deep and …
This report is only available as a PDF. Click to download. … UK Industrial Production (Dec.) …
