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Results: listing 1 - 6 of 145 for “GBP/SEK”

UK Comment — GDP contracts in Q2

  1. GDP fell 0.2 percent in Q2 vs. expectations (market and BoE) of zero growth
  2. Falling activity in IP and construction, marked deceleration in services growth
  3. Increased risk of no-deal Brexit will weigh on activity ahead

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

UK Comment — BoE on hold as Brexit clouds outlook

  1. As expected, no change to monetary policy - policy rate kept at 0.75 percent
  2. Slower growth expected in the near term. Longer-term estimates affected by inconsistency due to Brexit
  3. We expect the BoE to remain on hold as it awaits Brexit... which will probably be postponed again

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

UK Comment — UK consumer price inflation eases in May

  1. CPI down to 2.0% and core CPI down to 1.7%
  2. Cost pressures also ease in May
  3. Inflation trend should not affect BoE’s decision – policy to be kept unchanged tomorrow

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

UK Comment — UK labour market remarkably resilient despite Brexit

  1. Unemployment unchanged and wage growth slightly stronger in April
  2. Economic activity is easing, GDP and IP numbers worse than expected
  3. Brexit will eventually increase unemployment, we believe

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

UK Comment — UK PMIs continue to signal stagnation

  1. Services sentiment pulled up by slight improvement in new orders
  2. Overall sentiment pulled down by manufacturing and construction weakness

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

UK Comment — Theresa May is forced out – likelihood of a hard Brexit increases

  1. A Brexit hardliner will probably take over as PM, most likely Boris Johnson
  2. With a Brexit hardliner, the likelihood of a no-deal Brexit increases, in our view
  3. We adjust our pound forecast accordingly and expect a weaker pound ahead

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