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21st Oct 2022 15:11U.K., Daily Monitor

  • October’s PMI data point to a worsening recession; a 0.5% quarter-on-quarter drop in Q4 GDP looks likely.
  • Price rises are slowing, but remain too brisk for the MPC to take breath; we look for a 75bp hike next week.
  • Further falls in interest rate expectations will weigh on sterling now the fiscal credibility gap has largely gone.

gdp interest rate interest rate expectations mpc pmi pmi data pmi data point q4 q4 gdp remain sterling

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Keywords for: 25 Oct 2022 UK Monitor

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