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UK week ahead: Brexit, BoE and CPI - Danske Bank

In the UK, the focus remains on Brexit after a hectic week, explained analysts at Danske Bank. They don’t expect major changes to the policy signals from the Bank of England.

Key Quotes: 

“In the UK, the focus remains on the Brexit after another hectic week this week. The main headache is that there is no majority for anything in the House of Commons and we probably need more big clashes before things can calm down. The UK House of Commons goes on Christmas holiday on Thursday and returns on 7 January.”

“We do not expect major changes to the policy signals from the Bank of England when they meet next week, as it is one of the interim meetings. While activity data have been to the weaker side lately, the BoE has already pencilled in lower growth, at 0.3%, in Q4 18. Wage growth has surprised to the upside and the unemployment rate to the weak side, netting each other out. There is no Inflation Report or press conference at this meeting.”

“In terms of economic data releases, we get CPI inflation in November on Wednesday.”

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