There is a trove of data from the UK coming out this week, with two key data points that could be pivotal for determining how much the BOE will hike at its next meeting. After the GDP figures reported last week were better than expected, the consensus is firmly in the camp of more rate hikes. But whether or not 50bps is back on the table, or the BOE might communicate a less aggressive stance moving forward, is down to the CPI figures. UK’s preliminary Q2 GDP data pointed to a bright spot for the economy: Household spending remained resilient despite the cost-of-living crisis. Part of that could be due to something ... (full story)