why should the UK economy be so bothered about a .25% rate hike in the U.S.
This will kill U.S. consumer recovery and IMHO mean they will have to reverse this move.
The UK on the other hand looks like it is getting the kind of recovery it needs i.e. a spending consumer based recover NOT U.S. based on the price of oil which you cant control and Health costs enforced by law of govt and increase in wages/overtime rates again enforced by govt. These factors are not data, but are govt based policies.
This will kill U.S. consumer recovery and IMHO mean they will have to reverse this move.
The UK on the other hand looks like it is getting the kind of recovery it needs i.e. a spending consumer based recover NOT U.S. based on the price of oil which you cant control and Health costs enforced by law of govt and increase in wages/overtime rates again enforced by govt. These factors are not data, but are govt based policies.