Ken Wattret
Ken Wattret
consumer core focus given increase market modest obvious relatively seen
The obvious focus for the market will be the core PPI, and given what we've seen for consumer prices, we should see a relatively modest increase there,
budgets expected fiscal policy terms
In terms of fiscal policy very little is expected from the budget.
budget budgets economic headline newspaper rather
This is going to be more of a newspaper headline budget rather than one for any macro economic changes,
below complaint euro european levels monetary remains start union witnessed
The euro remains competitive, well below levels witnessed at the start of European monetary union when there was little complaint from manufacturers,
consensus decline forecast neutral outcome small
The consensus PMI forecast was for a small decline and that's what we got, so it was a neutral outcome in the end,
against forward knock recovery remains risk strong
There is a risk going forward that if sterling remains exceptionally strong particularly against the euro, that will knock the recovery in the U.K.,