Everybody's looking toward consumer confidence in the States tomorrow, followed by other data later in the week.
More Quotes from Philip Shaw:
The fall in unemployment is a bit of a surprise. There are no signs for the time being that wage inflation is picking up although the numbers next month will be critical.Philip Shaw
Overall, it would take some very weak data to trigger another cut. While this is not impossible, especially if consumption trends are weak, the balance of risks has turned and we now believe that base rates will remain on hold at 4.5 per cent for the rest of the year.
Philip Shaw
such a modest increase in unemployment is unlikely to have any impact on consumer confidence or affect consumer spending.
Philip Shaw
The main point though is that output growth has now been below trend for five quarters and we can't see that changing over the next year or so,
Philip Shaw
We think the door is still open for a cut in rates over the next two months, perhaps as soon as next month.
Philip Shaw
Children might inherit certain genes that incline them to interact with their environment in very 'stimulating' ways. This stimulation could then influence brain development. . . . What is less likely is the idea that we are born with a certain set of genes which 'fix' at birth our intelligence and the trajectory of our brain development.
Philip Shaw
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