Services PMI data released on Monday November 5 caps the strong start to the month for UK Economy and ensures 2016 will end on a positive note.
Surprise rise in business investment seen as another major blow to Brexit doomsayers.
The Pound to Euro exchange rate looks exposed to sharp downside says one analyst, however others are more sanguine on Sterling’s prospects.
With Pound Sterling turning lower on Thursday 25th of August owing to technical shifts in the foreign exchange market, we turn to a number of respected analysts to divine where the GBP/EUR conversion could be headed.
UK economic growth has defied expectations and risen at a greater-than-expected rate for the period leading up to the EU referendum. A weaker Pound can be thanked.
The UK economy is now contracting and is expected to do so into 2017 while inflation is forecast to pick up towards 2%.
Will the UK fall into recession following the Brexit vote? According to a number of leading analysts the answer is yes, while another research house says the outlook is not all bad.
This week, Wednesday’s preliminary estimate of Q1 GDP takes centre-stage for the British pound on the data front, and some slowdown from Q4’s 0.6% quarterly rise looks inevitable.
A mixed bag of data for the UK has given sterling a boost, but also highlighted growing imbalances in the economy.