While UK economic growth has remained resilient compared to the US, the British economy continues to show signs of the potential for a sharp deterioration in the months ahead. However, surging inflationary pressures will likely prevent the Bank of England from cutting interest rates again ahead of 4Q 2008. Since the MPC’s May 8th meeting, [...]
Entries Tagged as 'UK'
GBP: Sell-Off Overdone As Market Changes UK Rate Outlook
May 28th, 2008 · No Comments
Tags: UK
Surprising Resilience Gives BoE A Little Breathing Space
March 23rd, 2008 · No Comments
The UK economy continues to display surprising resilience to the US slowdown and the global credit crunch giving the Bank of England (BoE) greater leeway to separate its monetary policy response to moderating growth from its actions to provide liquidity to stressed financial markets.
Retail sales surged 1.0% mom in February despite expectations for a modest [...]
Tags: UK