Last Thursday, BOE Governor Bailey cautioned that the UK’s recovery has been uneven. He claimed that he does not expect the growth rate we saw during the summer to continue into autumn. The comment didn’t have a major impact on the markets, because the BOE typically stays on the extra cautious side. However, after Chancellor Sunak announced an end to the furlough program last week, it’s a convenient warning to keep an eye on economic indicators, even as Brexit drama dominates the news. On Wednesday we get the final, official reading on the UK’s Q2 GDP. While other countries have revised their initial readings higher, ... (full story)