UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Jul. 24) Yields look to have topped out in most sectors and alongside solid rental growth that means capital values are close to bottoming out. However, with no yield compression in sight the recovery will be... 17th July 2024 · 1 min read
UK Economics Rapid Response UK Consumer Prices (Jun. 2024) CPI inflation stayed in line with the 2.0% target in June – exactly where the Bank of England thought it would be (consensus and CE forecasts 1.9%) – but the composition of inflation remains a problem... 17th July 2024 · 3 mins read
UK Economics Weekly Spain versus England: An economics match-up If the economic outlook translated to success on the football pitch, faster GDP growth and lower interest rates may mean Spain has the edge over England to win the men’s Euros on Sunday night. We're... 12th July 2024 · 8 mins read
UK Housing Market Update RICS Residential Market Survey (Jun. 2024) Revival unlikely to materialise as soon as surveyors hope While demand continued to slip back in June, surveyors were optimistic it would soon pick up. Given elevated mortgage rates we suspect the... 11th July 2024 · 3 mins read
UK Economics Rapid Response UK GDP (May 2024) The stronger-than-expected 0.4% m/m rise in GDP in May (consensus forecast 0.2%, CE forecast 0.3%) will be welcomed by the new Chancellor after announcing earlier this week that she will make... 11th July 2024 · 3 mins read
UK Commercial Property Update Do the latest job figures hint at weaker office rents? UK employment has faltered of late and, though growth is expected to improve, no return to the buoyancy of the recent past is in prospect. While headcount has become a weaker indicator of office... 10th July 2024 · 3 mins read
UK Economics Focus The economic priorities for the new government It is not inevitable that the economic malaise of the past 20-30 years will continue over the next decade. Some of the cyclical forces that have lowered the UK’s economic growth rate will fade and new... 10th July 2024 · 15 mins read
Capital Daily Corporate bonds likely to keep trailing equities We think that corporate bonds will continue to underperform equities, as credit spreads are already low, economic growth moderates, and equities benefit more from enthusiasm about AI. 10th July 2024 · 4 mins read
Capital Daily We still think the euro will fare well against the pound In the wake of the political tumult in France contrasting with newfound stability in the UK, the outlook for the exchange rate between the euro and sterling has come into spotlight. We think that... 9th July 2024 · 4 mins read
Event UK Drop-In: Crunch time for the Bank of England? 1721291400 We’ve reassessed our expectations for the start of Bank of England rate cuts in light of the latest UK CPI and employment data.
US Commercial Property Update Near-term laggard but US to outperform longer term The slower adjustment to past rises in interest rates and sharper hit to office demand mean US property is set to underperform European property over the next five years. But unlike equities, we think... 8th July 2024 · 3 mins read
UK Economics Update Where are fiscal concerns greatest – the UK, France or US? With the public finances in the UK in decent shape relative to France and the US, and the new UK government committing to greater fiscal discipline, we think investors are right not to worry as much... 5th July 2024 · 5 mins read
UK Economics Weekly The key milestones ahead as Starmer enters No. 10 As the dust settles on the election result, there will be a lot of discussion about what comes next. We think Labour may move quickly on its low-cost supply side reforms, such as overhauling planning... 5th July 2024 · 8 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Jun. 2024) As the first economic data release under a Labour government since 2010, the decline in Halifax house prices in June meant that Labour’s tenure got off to a slightly downbeat start. However, while we... 5th July 2024 · 2 mins read
UK Economics Update Labour wins election: Some upside to GDP, inflation and rates The big shift in the political landscape that has delivered the first Labour government since May 2010 is unlikely to lead to anything like as big a shift in the economic landscape. But at the margin... 5th July 2024 · 4 mins read
