BNY Mellon: The Aerial View: Super Thursday
BNY Mellon: The Aerial View: Super Thursday
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On Monday, we highlighted how flow data had turned increasingly negative towards GBP since the EU summit and how options pricing is pointing to increased concerns about the UK outlook heading into 2019.
On Monday, we highlighted how flow data had turned increasingly negative towards GBP since the EU summit and how options pricing is pointing to increased concerns about the UK outlook heading into 2019.
Amid this deteriorating sentiment on Super Thursday, however, the BOE might well convey a surprisingly stoical position.
Certainly, UK data have not overly impressed of late: GDP growth may have posted the strongest quarterly increase in over a year in July, but it came to a shuddering halt in August.
Although retail sales were fueled by World Cup high jinks over the summer, they slowed sharply in October