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19th Jul 2023 17:58U.K., Daily Monitor

  • The fall in markets’ expectations for Bank Rate has reduced the likely peak for mortgage rates by about 70bp...
  • ...Even so, house purchase demand and supply likely will not balance unless prices fall 8% or so from their peak.
  • Redundancy notifications still are exceeding 2019, 2021 and 2022 levels, consistent with rising unemployment.

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Keywords for: 21 July 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence