Recent Numbers Put the BOE in a Bind

               After the Brexit vote, a number of commentators (myself included) argued that the UK economy would fall into a recession.  The reason for this conclusion is that recessions are usually caused by some type of economic shock that has broad negative ramifications for the economy at large.  The Brexit vote certainly qualified.   London had become the EU center of finance – a status that was bound to change in a post-Brexit world.  The UK would lose easy access to its largest market, which could seriously dent exports.  A large influx of immigrants – which helps