UK
FMI Weekly Data Preview: July 11-15 2016
written by Michael Lewis on July 11, 2016
Teresa May has pledged to continue the "Brexit" process, though she has indicated that she may not initiate the formal process until next year. The bulk of the data action on this side of the pond occurs on Friday, when June Retail Sales, CPI and Industrial production reports, along with May Business Inventories data will be released.
FMI July 2016 Economic and Investment Outlook
written by Michael Lewis on July 01, 2016
Once dust settles (soon), global macro landscape will show little change; UK will take ‘associate’ EU status. Brexit will have no tangible economic impact on US. U.S. real GDP picked up to +2 1⁄2% in 16Q2, will sustain healthy pace into 2017. Core inflation likely to exceed Fed’s +2% target by early next year. Yellen will pause, but rate hikes should resume by year-end.
