The Point for Europe

研报英文原文证据摘录

The Point for Europe

Point |

Friday, 19 June 2026

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and Target Price Changes

Top Call Must Read

UK Economics - BoE - Steady as she goes Global Economic Outlook & Strategy -

The Bank of England's MPC voted to hold at 3.75% as expected, with Megan Global Resilience—Could Growth

Greene joining Huw Pill as a second dissenter for a 25bps hike. While the Surprise to the Upside (Yet Again)?

communications was still on the hawkish end, they are now starting to lean

against given the underlying weakness in the real economy. The MPC still care

about the potential impact of inflationary persistence and second round effects,

but at this juncture, they are placing their emphasis on demand-management. We

continue to expect a hold this year, with the next cut in 2027Q2. Rates strategy

view: The June MPC reinforces expectations for a long hold, but residual hike

premium in SONIA is likely to reduce only slowly.

May Rostom | Callum McLaren-Stewart | Jamie Searle

UK Economics - Labour Market Release: Labour market data for April more

hawkish, but still cooling

At first glance, the labour market data looks to have surprised on the upside: AWE

Regular Pay came in stronger than expected; the April payroll data didn't fall as

expected; and the expected fall in LFS employment ended up being much less.

However, there is more than meets the eye: AWE regular pay growth was once

again driven by public sector pay strength, and it appears that employment growth

continues to be driven by those in self-employment jobs.

May Rostom | Callum McLaren-Stewart

Grafton Group PLC (GFTU_u.L) - Post CMD model update: Medium-Term Value

Creation Despite Near-Term Headwinds