Morning Bid: UK data deluge and the run-up to recession

A look at the day ahead in European and global markets from Vidya Ranganathan A big bunch of numbers is due out of Britain today – GDP, industrial output, construction – and will call into question the Bank of England’s insistence that both the economy and its banks are coping okay with its fast and furious rate rises. Despite 13 back-to-back rate rises, Britain remains a hawkish outlier among major economies, and the BOE’s task of trying to tame the highest inflation rate in the rich world, while dealing with a super-tight labour market and policy transmission lags, isn’t an…