Sources: Macrobond, Oxford Economics, Office of National Statistics
UK Interest rates unchanged at
In October the RPI rate fell to
Q3 2019 GDP growth was
October 10YR Gilt yield (end of period) was
In October the CPI rate decreased to
Forecast for Q4 2019 GDP growth is
The UK economy avoided a recession with growth of 0.3% in the third quarter.
The three-month employment level fell by 58000, the sharpest decline in more than four years, despite the unemployment rate 0.1 pp lower than the previous quarter at 3.8% (the unemployment rate is the proportion of the economically active population who are unemployed).
The real estate market continues to attract investors with £13billion transacted in Q3, which was up from Q2.
The leasing market has been relatively stable with healthy levels of tenant demand.
Although official labour market figures are indicating a loosening of the labour market, there is little indication of weakening occupier sentiment.