Howard Archer

The evidence of marked improvement in the manufacturing sector further guarantees there will be no interest rate cut this Thursday. read more

The evidence of marked improvement in the manufacturing sector further guarantees there will be no interest rate cut this Thursday. Indeed, we admit it is looking increasingly questionable whether interest rates will be trimmed further.

What happens after the October meeting is far from clear.

What happens after the October meeting is far from clear.

This underpins our belief that the Bank of England is too optimistic on the growth outlook and will eventually end read more

This underpins our belief that the Bank of England is too optimistic on the growth outlook and will eventually end up trimming interest rates by a further 25 basis points.

Pretty healthy retail sales growth in November reinforces belief that consumer spending is picking up to some extent, and reduces read more

Pretty healthy retail sales growth in November reinforces belief that consumer spending is picking up to some extent, and reduces the case for a near-term interest rate cut.

Nevertheless, limited core inflation in January will not deter the ECB from hiking interest rates by a further 25 basis read more

Nevertheless, limited core inflation in January will not deter the ECB from hiking interest rates by a further 25 basis points on Thursday.