04
Oct
Negotiations between the UK and the EU have stalled
A preliminary financial agreement is crucial. GDP is flagging. Inflation remains high. The devaluation of the pound is having a limited impact. Rate hike likely in November.
Key points
- A financial agreement with Europe before negotiating other aspects of Brexit
- Is Theresa May still in charge?
- The pound rises and stabilises against the major currencies
- Overall, the depreciation of the pound is having a negative impact on GDP
- The BOE elucidates the likelihood of a rate hike
- Consumers remain wary, as does the BOE
- GDP is flagging, but leading indicators seem more positive
- Real estate prices decrease in London
- Inflation still not stabilising
- Long-term rates back on upward trend
- Insufficient visibility with regard to UK equities
