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Results: listing 13 - 18 of 146 for “EUR/GBP”

UK Comment — Bank of England preview: we do not expect a rate hike in May

  1. Trends in real economy and inflation appear weaker than expected
  2. Market pricing lower: indicates just two rate hikes by the end of 2020
  3. BoE probably with cautious stance next week

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

UK Comment — PMIs signal disappointing start to Q2

  1. Second weakest growth in services activity since September 2016
  2. Underlying growth trend seems weaker than we expected earlier
  3. May hike from the BoE seems unlikely now

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

UK Comment — Weak GDP numbers make May hike less likely

  1. GDP growth down to 0.1% in Q1 from 0.4% in Q4
  2. Effects of bad weather generally small
  3. Services and IP pulled up, while construction saw its largest fall since 2012

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

UK Comment — UK retail sales even weaker than expected in March

  1. Annual retail sales growth down to 1.1% in March
  2. Sales affected by bad weather, but underlying trend also deteriorating
  3. Sentiment suggests little momentum ahead

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

UK Comment — UK inflation weaker than expected in March

  1. CPI inflation down to 2.5 percent and core CPI inflation down to 2.3 percent in March - weaker than expected
  2. Cost pressure still high, but trending downward
  3. Inflation not weak enough to prevent rate hike in May

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

UK Comment — Labour market numbers leave BoE on track for May hike

  1. Unemployment rate down to 4.2%, beating the consensus
  2. Total pay unchanged at 2.8% (consensus: 3.0%); regular pay up to 2.8% from 2.6% (consensus: 2.8%)
  3. In line with BoE expectations

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