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Results: listing 1 - 6 of 118 for “EUR/GBP”

UK Comment — Labour market numbers mixed

  1. Employment growth disappointed - unemployment rate up to 4.4%
  2. Timelier claims and survey measures indicate further improvement
  3. Wage growth on the strong side of expectations – base effects will pull up in the short term

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — January CPI inflation in line with the Bank of England's expectation

    CPI inflation unchanged at 3.0 percent in January, CPI core inflation up to 2.7 percent from 2.5 percent in DecemberUK CPI inflation was unchanged at 3.0 percent y-o-y in January. This was in line with the Bank of England’s expectation, but slightly higher than the consensus expectation of 2.9 percent. Core inflation increased to 2.7 percent in January from 2.5 percent in December and beat the consensus expectation of 2.

    Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — Mixed monthly data from the UK

    Industrial production down by 1.3% in December, but manufacturing up by 0.3%UK industrial production fell by 1.3 percent in December, after growing by 0.3 percent in November (revised from 0.4 percent). The consensus expectation for December was -0.9 percent. The monthly fall was the first since March 2017 and the largest fall since September 2012. However, the only downward contribution came from mining and quarrying, which decreased by 19.

    Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — A more hawkish tone from the Bank of England

  1. Policy rate unchanged at 0.5% and QE programme also unchanged. Decision was unanimous
  2. Forecast for real economy revised up
  3. MPC expects policy tightening sooner and to a greater extent

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — PMIs signal weaker start to 2018

  1. Services PMI down to 53.0 in January from 54.2 in December (consensus 54.1)
  2. Sentiment pulled down by current business, while future expectations stay upbeat
  3. PMI composite down to 53.5 in January, the weakest level since August 2016

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — New signals from the BoE?

  1. We expect no change to monetary policy
  2. GDP has been stronger than expected, but labour market and inflation broadly in line
  3. BoE will offer new take on Brexit uncertainty

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no