UK | Investment

Monthly Review - July 2018

UK Economic Briefing - July 2018

The market is pricing in more than an 80% chance of a 25bp rate hike at the next Bank of England Monetary Policy meeting on 3rd August.
  • Recent UK activity data has provided some support for the Bank of England’s judgement that Q1 weakness was temporary. 
  • The headline rate of CPI was unchanged at 2.4% y-o-y in June, while consensus had expected a rise to 2.6%. 
  • The UK government published its White Paper on the future relationship with the EU this month. The paper is intended as a blueprint for further negotiations with Brussels.
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Stephanie McMahon

Stephanie McMahon
Head of UK Research
+44 (0) 20 7338 4002


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