UK consumer sentiment is falling rapidly. The GfK Consumer Confidence Barometer, which peaked at -7 last July, dropped 7 points to a 13-month low of -26 in February. Elevated inflation, higher taxes, and rising interest rates are…
Dear client, In addition to this weekly report, we sent you a Special Report from our Geopolitical Strategy service, highlighting the risk from the Russo-Ukrainian conflict. Kind regards, Chester Executive Summary The Ukraine…
Feature This week, we present the third edition of the BCA Research Global Fixed Income Strategy (GFIS) Global Credit Conditions Chartbook – a review of central bank surveys of bank lending standards and loan demand. The data from…
Executive Summary The End Of The Negative Bond Yield Era Recent price action in developed market government bond markets confirms a backdrop that has been in place for the past several years - movements in US Treasuries…
As expected, the Bank of England raised the Bank Rate by 25 bps to 0.5% on Thursday. Notably, of the nine voting MPC members, four voted to increase the Bank Rate by 50 bps to 0.75%. Meanwhile, the ECB kept policy unchanged.…
BCA Research is proud to announce a new feature to help clients get the most out of our research: an Executive Summary cover page on each of the BCA Research Reports. We created these summaries to help you quickly capture the main points…
The monthly Citi/YouGov survey revealed that UK consumer inflation expectations over the coming 12 months surged from 4.0% in December to 4.8% in January. This is the highest level on record in the history of the series which…
The UK CPI inflation rate rose to a 30-year high of 5.4% y/y in December. Similarly, the retail price index grew 7.5% y/y. Elevated inflation is raising pressure on the BoE to continue to increase rates following the 15 basis point…
Highlights Data from the UK revealed it is tantalizingly close to declaring COVID-19 an endemic virus, indicating Britain likely will exit the pandemic ahead of other states soon. The UK is a bellwether market regarding its public-…
Highlights 2022 Key Views & Allocations: Translating our 2022 global fixed income Key Views into recommended positioning within our model bond portfolio results in the following conclusions to begin the year. Target a moderate…