27 Oct 2014
Light UK data and events calendar this week - RBS
FXStreet (Łódź) - Ross Walker, Senior UK Economist at RBS looks at UK data to be released this week, ahead of the BoE MPC monetary policy meeting scheduled for 6 November.
Key quotes
"The coming week’s UK data releases are rather light and are unlikely to pressurise the BoE back to an earlier tightening cycle."
"We expect a further slowdown in broad money supply and credit growth in September."
"Housing market activity appears to be continuing to cool and we forecast a third successive monthly decline in the number of new mortgage approvals."
"Legitimate concerns earlier in the year about an overly rapid build-up in household borrowing have not materialised.
"We expect the latest consumer-centric data – the CBI retail sales and GfK confidence surveys – to show slightly weaker outturns in October, reinforcing the recent dovish tone."
Key quotes
"The coming week’s UK data releases are rather light and are unlikely to pressurise the BoE back to an earlier tightening cycle."
"We expect a further slowdown in broad money supply and credit growth in September."
"Housing market activity appears to be continuing to cool and we forecast a third successive monthly decline in the number of new mortgage approvals."
"Legitimate concerns earlier in the year about an overly rapid build-up in household borrowing have not materialised.
"We expect the latest consumer-centric data – the CBI retail sales and GfK confidence surveys – to show slightly weaker outturns in October, reinforcing the recent dovish tone."