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Results: listing 19 - 24 of 120 for “GBP/SEK”

UK Comment — UK industrial production disappointed in February

  1. Production lifted by energy and weighed down by manufacturing and mining
  2. Bad weather in Feb. did not affect manufacturing numbers, according to the ONS
  3. Underlying manufacturing momentum seems to have slowed in Q1

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

UK Comment — PMI surveys signal slower GDP growth in Q1

  1. Services sentiment much weaker than expected, albeit partly weather-related
  2. New orders, activity and employment weaker
  3. We anticipate that the BoE's expectations are mostly unchanged; we continue to expect a rate hike in May

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

UK Comment — Bad weather hit construction PMI in March

  1. PMI dropped to 47.0 in March from 51.4 in February; largest fall since June 2016
  2. New orders and activity fell, while employment and future expectations provided support
  3. Bad weather aside, underlying momentum still seems very weak

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

UK Comment — UK manufacturing sentiment a little stronger than expected in March

  1. Sentiment sideways since January
  2. New orders and employment pulled down, while output pulled up
  3. Sentiment suggests output growth could ease somewhat further

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

UK Comment — No change to policy from the BoE, but 7-2 vote could indicate next rate increase is close

  1. No change to policy; vote to keep bank rate unchanged was 7-2
  2. Outlook broadly unchanged
  3. We reiterate our expectation of a rate increase in May

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

UK Comment — Data supports rate hike in May from the Bank of England

  1. Labour market data stronger than market expectations
  2. New information overall in line with BoE expectations
  3. No change to policy tomorrow, but watch for possible hints of a May hike

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