Pegasus Capital

A View from the Bridge - May 2018

The Bank of England left interest rates unchanged at its May meeting. Markets had largely written off any probability of an increase following the BOE Governor’s BBC interview in late April where he alluded to weaker Q1 growth and Brexit uncertainty delaying the prospect of higher interest rates

PegasusCapital - 18/6/2018

A View from the Bridge - April 2018

Economic Growth in the UK during Q1 has been quite disappointing, with the ONS advanced estimate showing activity barely changing in the first three months of the year relative to the end of 2017, with the ‘Beast from the East’ only partly to blame!
Tags:Inflation , ONS , MPC

PegasusCapital - 1/5/2018

A View from the Bridge - Jan 2018

Global growth enters 2018 on a strong footing with confidence surveys at multi-year highs in many regions and inflation expectations still tame but without fears of deflation hindering investment decisions
Tags:ECB , Brexit , UKCPI

PegasusCapital - 25/1/2018

A View from the Bridge - Sep 2017

UK GDP increased by 0.3% quarter-on-quarter in Q2, matching the second quarter estimate and the consensus however, the y-o-y growth rate was revised down to 1.5%, from 1.7%. In addition, the latest PMI survey showed a modest deceleration in the rates of expansion in UK manufacturing production and new orders
Tags:ECB , GDP

PegasusCapital - 4/10/2017

A View from the Bridge - Aug 2017

Yesterday’s FT article, which appeared on page 2 of the printed edition, highlighted the Bank of England’s concerns over interest rate complacency

PegasusCapital - 10/9/2017

A View from the Bridge - May 2019

The Bank of England may attempt to send a message of near term optimism at its May meeting, perhaps steering the market towards a slightly higher probability of another rate increase in 2019, but we still see the likelihood of an actual increase in rates as remote until current Brexit uncertainties are resolved.

PegasusCapital - 1/5/2019