Filtered by Subscriptions: UK Markets Use setting UK Markets
According the Financial Times this morning, the adoption of international financial reporting standards (IFRS) in the public accounts from this April could lead to the inclusion of the Government’s liabilities relating to the Private Finance Initiative …
5th February 2008
This report is only available as a PDF. Click to download. … UK CIPS/RBS Report on Services (Jan.) …
This report is only available as a PDF. Click to download. … Halifax House Price Index (January) …
This report is only available as a PDF. Click to download. … All types of borrowing slowing significantly …
4th February 2008
This report is only available as a PDF. Click to download. … UK CIPS/RBS Report on Manufacturing (Jan) …
1st February 2008
Recent Monetary Policy Committee (MPC) communications have just about made a rate cut on Thursday a done deal. The recent equity market turmoil has raised the question of whether the MPC should follow the Fed’s lead and take a more aggressive approach to …
31st January 2008
This report is only available as a PDF. Click to download. … Nationwide house prices (January) …
Growing concerns over the outlook for the economy have started to take their toll on equity markets. The 10% fall in the FTSE 100 largely reflects global issues. Nonetheless, it took equity prices back in line with other asset prices, such as bonds. The …
30th January 2008
Mervyn King’s re-appointment as Governor of the Bank of England for another five years is possibly a slightly hawkish development for the outlook for interest rates. Nonetheless, it will be seen as the safest option in the current period of economic and …
This report is only available as a PDF. Click to download. … UK Household Borrowing (Dec.) …
This report is only available as a PDF. Click to download. … UK CBI Distributive Trades (Jan.) & Financial Risk Outlook …
29th January 2008
Sterling’s continued weakness even as interest rate expectations have moved back in its favour could reflect growing concerns over the fundamental health of the UK economy and hinder the Monetary Policy Committee’s attempts to shore up the housing market …
28th January 2008
The increases in tracker rates announced by some mortgage lenders over the past few days add to other evidence that the recent improvement in the situation in financial markets has not prevented a further tightening of credit conditions. … Widening …
This report is only available as a PDF. Click to download. … MPC unlikely to follow Fed's lead …
Household bills could rise by over 8% this year, squeezing households’ spending power and contributing to a sharp slowdown in real consumer spending growth. It now looks unlikely that real household income this year will rise by much more than the weak …
25th January 2008
The fiscal barriers to a US-style tax cutting package aimed at supporting the economy are not as obstructive they might at first look. Nonetheless, the potentially undesirable effects on interest rates and the balance of growth suggest that such a move …
24th January 2008
This report is only available as a PDF. Click to download. … MPC Minutes (Jan.) & GDP (Q4) …
23rd January 2008
This report is only available as a PDF. Click to download. … CBI Quarterly Industrial Trends Survey (Jan.) …
22nd January 2008
The recent falls in the UK stockmarket have been part of a global phenomenon which has its roots in the downturn in the US economy and the potential knock-on effects on economies and financial markets across the world. Nonetheless, the movements have left …
Expectations for UK interest rates have plummeted over the last few weeks. While we think that rates will eventually have to fall a long way, there must now be a risk that “hawkish” communications from the policymakers prompt some of these recent falls to …
21st January 2008
This report is only available as a PDF. Click to download. … Public Finances/M4 (Jan.) …
This report is only available as a PDF. Click to download. … Retailers are taking the hit …
Even aggressive price discounting is not tempting consumers to part with their cash. Interpreting sales figures at this time of year should be done with caution, due to problems with seasonal adjustment and the chance that retail sales rebound as the …
18th January 2008
This report is only available as a PDF. Click to download. … UK Retail Sales (Dec.) …
The probable nationalisation of Northern Rock is unlikely to lead to a clear breach of the Chancellor’s fiscal rules, which apply over the whole economic cycle. Nonetheless, it would further underline the lack of scope for a relaxation of fiscal policy to …
17th January 2008
This report is only available as a PDF. Click to download. … UK BCC Economic Survey (Q4) …
The recent injections of liquidity by central banks appear to have played a major role in pushing interbank interest rates back towards more normal levels. Three month LIBOR in the UK is now just 10 basis points above the repo rate. That said, given that …
The recent fall in the UK stockmarket is unlikely to have a significant impact on households’ behaviour on its own. But added to the prospect of falling house prices and sluggish income growth, it is another factor which threatens to slow the growth of …
16th January 2008
This report is only available as a PDF. Click to download. … UK Labour Market Data (Nov./Dec.) …
This report is only available as a PDF. Click to download. … UK Consumer Prices (Dec.) …
15th January 2008
This report is only available as a PDF. Click to download. … Producer Prices (Dec.) …
14th January 2008
This report is only available as a PDF. Click to download. … Spending slowdown seems to have arrived …
This report is only available as a PDF. Click to download. … UK Industrial Production (Nov.) …
11th January 2008
The rapid fall in interbank interest rates towards more normal levels is a welcome development but does not negate the need for further cuts in official interest rates. The growing emergence that the previously high level of interbank rates and the …
The inflationary risk posed by the mounting unrest about the Government’s hard-line stance on public sector pay is fairly limited. The main risk to pay growth comes directly from the private sector, although even here we expect any pick-up in earnings …
10th January 2008
Today’s decision by the Monetary Policy Committee to leave interest rates on hold was purely a matter of timing. With the Committee apparently agreed that a significant monetary loosening is required, we still expect interest rates to fall as far as 4% by …
This report is only available as a PDF. Click to download. … UK Trade (Nov.) …
This report is only available as a PDF. Click to download. … UK BRC Retail Sales Monitor & Halifax House Prices (Dec.) …
8th January 2008
The recent sharp fall in the sterling trade-weighted exchange rate represents a loosening of monetary conditions in the UK economy. However, it is unlikely to prevent the Monetary Policy Committee from having to cut interest rates sharply over the coming …
7th January 2008
