BOE to 'Do Less' Due to Weak UK Economy: Morgan Stanley

The video discusses recent UK economic data, highlighting the market's expectation of more rate hikes due to a strong labor market. However, Morgan Stanley believes the Bank of England will hike less due to a weaker economy. The video also addresses challenges like the cost of living, Brexit, and energy uncertainties impacting UK consumers.

How does the current data point affect the narrative about the UK economy?

What impact does the cost of living increase have on UK consumers according to the discussion?