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Results: listing 1 - 6 of 25 for “GBP/SEK”

UK Comment — UK retail sales rise in February, but momentum is weak

  1. Retail sales up 1.4% in February (consensus: +0.4%) after -0.5% in January and -2.1% in December
  2. Sentiment indicates limited upside to growth rates

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

UK Comment — UK inflation surpasses the 2% target on the way up

  1. CPI at 2.3 percent and CPI core at 2.0 percent in February
  2. Cost pressure is high, but on the weak side of consensus
  3. Inflation increasing somewhat faster than the Bank of England has assumed

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

UK Comment — Bank of England votes 8-1 to keep Bank Rate unchanged

  1. Bank Rate and QE programme left unchanged, as widely expected
  2. Dissent comes as aggregate demand and labour market remain strong and inflation picks up
  3. We still expect an unchanged Bank Rate for both this year and the next

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

UK Comment — Labour market still strong, but wage growth disappoints

  1. Unemployment rate down to 4.7% (consensus: 4.8%), wage growth down to 2.2% (consensus: 2.4%)
  2. Wage growth to stay subdued

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

UK Comment — Manufacturing slightly weaker than expected in January - limited momentum ahead

  1. Manufacturing down 0.9% in January (consensus -0.7%), down from +2.2% in December
  2. Numbers are highly volatile
  3. Sentiment suggests little further momentum

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

UK Comment — March budget without the big surprises

  1. Chancellor Hammond's first and last spring budget: no big surprises
  2. No changes expected in BoE's assessment of economic outlook

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