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Results: listing 25 - 30 of 119 for “EUR/GBP”

UK Comment — Close call for the Bank of England

  1. Surprisingly hawkish signals from the BoE has made the market expect a hike next week
  2. A bad decision, in our view, but some members will probably want to hike
  3. Close, but we believe the majority of the MPC will prefer to wait for more proof

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

UK Comment — UK GDP growth stronger than expected in Q3 at +0.4% q-o-q

  1. GDP growth at +0.4% in Q3, up from 0.3% in Q2
  2. Growth buoyed by services and manufacturing, while construction output fell for the second quarter in a row
  3. Figures should not weigh too heavily on the BoE’s decision next week

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

UK Comment — UK PMIs suggest little momentum in GDP, but strong labour market

  1. Slight improvement in services PMI, but with few details
  2. Manufacturing and construction PMIs fell back in September
  3. Little momentum in overall activity, but increasing price pressures

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

UK Comment — Florence speech: The UK government aims to buy itself some more time

  1. The UK government aims for 'status quo' transition period of two years
  2. The UK still wants bespoke deal; a solution like the one for Norway or Canada will not be enough
  3. Our take: transition period will buy more time, but hard Brexit still the most likely outcome

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

UK Comment — UK retail sales stronger than expected in August

  1. Retail sales up 1.0% in August, beating consensus at +0.2%; July numbers revised upward
  2. Good volume growth, despite strong price increases across the board
  3. Sentiment suggests retail sales growth should hold up in the short term

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

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

  1. More weight put on tight labour market
  2. Trade-off between weak real economy and high inflation seen as less pronounced
  3. Majority expects policy tightening to be appropriate over coming months

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