Commercial property investment hit a record high in Q4, but we doubt that signals the start of a strong recovery. Admittedly, a fall in financing costs will give transactions something of a boost in...

The dovish surprise at this week's Bank of England meeting, including the downward revision to the Bank's GDP growth forecasts despite the recent rebound in activity, leaves us more confident in our...

The 0.7% m/m rebound in the Halifax measure of house prices in January suggests the housing market started 2026 on a stronger footing than the 0.3% m/m rise on the Nationwide index implied. We think...

A dovish UK MPC meeting prompted big falls in both short-dated Gilt yields and sterling today, whereas there wasn’t so much reaction in the markets to the ECB’s gathering. We think there is scope for...