A rise in GP looks like it could be a good trade here.
I notice a return to Top T/line by Dec, on your chart.
Just in time for Grandma and her friends to SAVE FACE and lift Interest rates.
Or will the data prevent this from happening?
Now with employment approaching, full(er) employment,...(We don't expect 200,000 new jobs, as a lesser amount now is not that bad. IMO. )
Then we turn to Productivity/wages, which is poor, and still getting poorer in my view.
So it’s harder to get people happily paying more for goods and services (i.e inflation) without more money in their pockets!
Which leaves us with.....? What? Face Saving? Is this the bottom line?