Some good macro news for UK stocks today:
1. BoE Decision Maket Panel - UK firm's output price expectations continue to fall sharply. Expected price growth fell to 4.2% YoY (down from a high of almost 7% YoY in mid-2022). Realized price growth is down every sharper to 4.9% YoY when it was 7.5% YoY still in August.
2. M4 Money Supply - The Bank of England reported that the M4 supply was down -2.3% YoY in Nov which is up from -3.8% YoY in Oct. If that is true, it appears that the worst of the cont...