GDP for the UK to probe BoE - BBH

Ross J Burland FXStreet

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the key GDP Q1 is coming up for the UK.

Key Quotes:

"The UK becomes the first G7 country to estimate Q1 GDP (Tuesday). Despite the floods, it appears the UK economy accelerated from the Q4 pace of 0.7%."

"The consensus expects 0.9-1.0%. The manufacturing and construction PMIs at the end of the week are expected to show an economy stabilizing at robust levels. Yet with the retail sales deflator falling, ideas that the BOE is likely to wait until next year to raise rates is unlikely to be impacted by these reports."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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