UK | Investment
Monthly Review - July 2018
UK Economic Briefing - July 2018The 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.