"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."
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