Research
Tip: To personalise the research list, click the gear symbol above.


Choose type:


UK

Macro Comment UK — Bank of England delivered more than expected

Before the summer, governor Carney said that the central bank would act during the summer, and this time, the Bank of England delivered. For the first time in seven years, the BoE cut the policy rate by 25bp, to 25bp, and introduced an expansion of asset purchases, both government bonds and gilts by GBP 60bn, and corporate bonds by GBP 10bn.

Helena Trygg, Economist | hetr01@handelsbanken.se

UK Comment — Strong UK growth probably ends here

  1. UK economic growth accelerated to 0.6% q-o-q in Q2 - stronger than expected
  2. Improvement was skewed toward the beginning of the quarter
  3. Indicators point to risk of recession in H2 2016 - Bank of England set to act

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

UK Comment — Brexit creating havoc in UK economy

  1. One-off preliminary reading on UK composite PMI showed a drop from 52.4 to 47.7 in July
  2. Largest monthly drop ever recorded and the lowest level since April 2009
  3. PMI numbers indicate risk of recession and could force Bank of England into action

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

UK Comment — Bank of England keeps its powder dry

  1. Bank of England keeps policy rates and asset purchases unchanged; only one member voted for a cut
  2. Expectations in markets were for a rate cut from 0.5% to 0.25%
  3. Markets will initially act with disappointment, but easing highly likely in August

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

UK Next Week's Agenda and Wrap Up — July 8, 2016

- Headlines for the UK economy and global highlights
- Wrap up, July 4-8
- Following weeks' agendas, July 11 - August 5
- Financial overview, government bond yields and financial forecasts
- The economy: Summer events and what to expect
- News and statements during the week

Helena Trygg, Economist | hetr01@handelsbanken.se

UK Next Week's Agenda and Wrap Up — July 1, 2016

- Headlines for the UK economy and global highlights
- Wrap up, June 27 - July 1
- Next week's agenda, July 4 - 8                        
- Financial overview, government bond yields and financial forecasts
- The economy: Forecast update due to Brexit vote                                 
- News and statements during the week

Helena Trygg, Economist | hetr01@handelsbanken.se