Tag Archives: UK
UK: Time for Carney to write a letter – CPI inflation drops to 0.5%
UK CPI inflation tumbled to just 0.5% in December, the weakest reading since May 2000.
UK: Slight increase in inflation
CPI increased by 0.1% m/m in October, and the year on year figure rose to 1.3%, slightly higher than expected.
UK: August inflation surprised on the downside
CPI came in at 0.4% m/m in August reducing the year on year figure by 0.1% point to 1.5% y/y.
UK: July inflation below forecasts
CPI came in at -0.3% m/m in July reducing inflation by 0.1% point to 1.6% y/y, slightly lower than consensus and our forecast.
UK: June inflation adds pressure on the Bank of England
CPI came in at 0.2% m/m in June pushing inflation up to 1.9% y/y, much higher than the consensus estimate of 1.6%.
The Global Macro Pulse
G10 FX rates are little changed from New York levels. The RBA minutes generated no meaningful movement in AUDUSD,
The Global Macro Pulse
The dollar is little changed against the major currencies. AUDUSD pushed back up to 0.9398, close to its Friday highs while EURUSD and
UK: May inflation lower than expected
CPI fell by 0.1% m/m in May pushing inflation down to 1.5% y/y, clearly below expectations.
Politics matters for the pound
Last weekend’s European elections have informally kicked off election season in the UK. We highlight three medium term political risks for the pound.
UK CPI Inflation above expectations
CPI increased by 0.4% m/m and 1.8% y/y in April which was somewhat above expectations. The main contribution came from the transport costs (air fares, sea fares and motor fuels).
U.K. Government: Scotland Cannot Keep the Pound Too
It’s a union that’s lasted 307 years, but England and Scotland could be heading for the divorce courts later this year.
Monthly Economic Outlook
Fear Not, Economic Growth Has Not Been Tapered This past month’s disappointing economic news and pullback in the stock market have raised