Summary
Apart from the Brexit risk the UK economy is doing very well. Potential impact of Brexit is net yet reflected in the data.
Central Bank and rates
"The Bank of England's Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 February 2017, the Committee voted unanimously to maintain Bank Rate at 0.25%. The Committee voted unanimously to continue with the programme of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, totalling up to £10 billion. The Committee also voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion."
Economic Activity
Inflation
Labour Market
Unemployment rate is well bellow the pre-crisis level and still declining.
Consumer
Retail sales data is one of the strongest in the developed word, but the last few readings suggested some weakness.
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