The British referendum on whether to remain a member of the European Union is likely to weigh on UK markets for months to come.
So what is the message we should take away from “Super Thursday?” The first point to note is that one aim of Thursday’s BOE releases is to reinforce the message that U.K. monetary policy need not be perfectly correlated to the U.S. If indeed the Fed does tighten policy in the months ahead, there is no automatic read through to the U.K.
The Bank of England’s “Super Thursday” is behind us, and BOE Governor Mark Carney and colleagues will likely be happy with the outcome. While the amount of information released was substantial, the amount of news was much less so. The market opportunities that existed before the releases remain.
Jun 12, 2015
Without higher wage growth, the recovery in the UK will become increasingly difficult to sustain, and inflation will remain stubbornly low.
Economic and Market Commentary
UK markets have rallied strongly this morning after the general election has unexpectedly delivered a single party majority. Coming into the UK election, the polls were suggesting that neither of…
Ahead of the general elections in less than a month, the picture for the U.K. is one of economic health. As managing director and portfolio manager Mike Amey explains, despite some risk stemming from a possible political paralysis, the U.K. recovery is on a much sounder footing than during the last election in 2010 and is expected to stay its course.