Market Insights
Tue, 07/02/2019 - 12:00

UK Economic Briefing June 2019

This report provides an overview of the current UK economic landscape, market movements and its implications on the UK real estate market.


Summary

  • The Bank of England (BoE) voted unanimously to keep rates on hold at its latest meeting.
  • The overall PMI index points to stagnation in the second quarter for the UK economy.
  • The labour market continues to show remarkable strength with the unemployment rate falling to 3.8%.
  • The 10-year government bond yield averaged 0.89% in May - the lowest since Sept 2016.
  • The widening of the spread between all property and the 10-year government bond yield means there is still value in the real estate market.


Click to read Monthly UK Economic Briefing - June 2019

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