Theresa May reshuffled her cabinet yesterday and there were one or two surprises. Jeremy Hunt became the Secretary of State for Health and Social Care and – apparently – was destined to be moved by May until he passionately argued to stay associated with health.
It was an otherwise quiet day for the UK, although Halifax confirmed that UK house prices fell by 0.6% in December – the first monthly decline since last June. Economic uncertainty and declining wages are being cited as reasons.
Tuesday is another quiet day for UK economic data, but tomorrow we will see the balance of trade for November and industrial, manufacturing and construction production.