UK Macro Daily(Beta Mode)
BoE Holds Steady Amid Data
| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,976.44 | +0.54% |
| FTSE 100 | 10,314.59 | -0.26% |
| UK Natural Gas | 3.24 | -25.65% |
| 2 Year Gilt | 3.71 | +0 bps |
| 10 Year Gilt | 4.53 | +1 bps |
| GBP/USD | 1.372 | +0.15% |
| GBP/EUR | 1.16 | +0.06% |
| GBP/JPY | 214.37 | +0.51% |
| Brent Oil | 66.30 | -6.21% |
| Gold ($) | 4,622.50 | -1.94% |
| Bitcoin ($) | 76,418.04 | +1.00% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| S&P Global Constr PMI | 40.10 | 42 | 09:30 |
| BoE Rate Decision | 3.75 | 3.75 | 12:00 |
| BoE Policy Report | - | - | 12:00 |
| BoE MPC Vote Cut | 5 | - | 12:00 |
| BoE MPC Vote Hike | 0 | - | 12:00 |
| BoE MPC Vote Unchanged | 4 | - | 12:00 |
| MPC Meeting Minutes | - | - | 12:00 |
- UK construction PMI beat expectations, signaling sector recovery as global trade tensions ease.
- Brent oil slid on supply concerns, while natural gas plunged sharply amid winter storm disruptions.
- BoE rate decision expected to hold at 3.75%, with markets pricing gradual cuts amid mixed inflation signals.
Yesterday's Recap
FTSE 100 edged down 0.26% to 10314.59, reflecting cautious trading amid US tech selloffs and AI competition fears.
Gilt yields remained stable, with 10-year notes up just 1bps to 4.53% as investors digested recent Fed nomination hawkishness.
Sterling firmed modestly, with GBP/USD up 0.15% to 1.372 and GBP/EUR gaining 0.06% on dollar weakness.
Commodities were mixed, with Brent oil down 6.21% to 66.30 amid Middle East tensions easing, while natural gas crashed 25.65% to 3.24, an unusually large decline driven by severe winter storms disrupting US supply and heating demand.
The Day Ahead
S&P Global Construction PMI at 9:30am is expected at 42, up from 40.1, offering insights into UK housing and infrastructure momentum.
BoE interest rate decision at 12:00pm likely holds at 3.75%, with MPC minutes providing clarity on future easing pace.
No major BoE speeches scheduled, but market focus shifts to upcoming US data for global risk sentiment cues.
Other Economic Notes
UK services growth remains robust, supporting wage pressures despite energy cost volatility.
Brexit trade deals show resilience, with UK exports to India poised for gains amid global diversification.
Housing market stabilizes as construction rebounds, easing inflation from shelter components.
