Moody's: Macroeconomic conditions in the UK remain firm overall
Key highlights from Moody's Investors Service's Brexit Monitor report:
"Macroeconomic conditions in the UK remain firm overall, despite some signs of moderating headline economic growth, and slowing consumption and housing market activity"
"The latest UK data suggest that the drivers of growth are gradually shifting with a lower contribution from the services sector partially offset by industrial production"
"Relatively resilient macroeconomic conditions in the UK since the June 2016 referendum on EU membership supports Moody's central view of a "modest and manageable" credit impact of Brexit for UK issuers"
"Consumer price inflation is broadly in line with five-year averages, but has edged higher since the referendum on the back of rising import prices, reflecting sterling weakness"
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
