UK: Focus on public sector spending and BoE’s Agents Summary - TDS

Research Team at TDS, suggests that today the UK’s August public sector spending data is released, and markets expect to see ex-bank borrowing of £10.2bn, a bit better than last year’s £11.1bn figure.

Key Quotes

“The BoE’s Agents Summary of Business Conditions is also out, which should provide further insights into firms’ hiring and spending plans over the coming year. Last month’s survey actually showed the steepest M/M drop in investment intentions since the peak of the financial crisis in Q4 2008, telling a slightly different story than the “Brexit isn’t so bad” tone that markets have adopted.”