Forecasts & opinions
The Office of National Statistics released the Gross Domestic Product (GDP) quarterly estimate for the UK from October to December 2018 this morning.
According to the report, GDP was estimated to have increased by 0.2 percent over the fourth quarter. This growth has been shown to be driven by the services sector while "all four sub-sectors of production and construction contributed negatively to GDP growth."
Today would have been the day that Britain left the European Union (EU), but with an extension being granted and Brexit power being seized over by the British parliament, the final leave day seems to be somewhere in our future. For these reasons the fate of Brexit is still uncertain, and the Pound exchange is taking a hit.
|remaining time till the new event being published|
- U.S., Japan may need more tools to shore up banking system - Fed's Rosengren
- UK must be clear what a no-deal Brexit would mean - Bank of England Governor Carney
- German output growth remains moderate in June - IHS Markit
- Eurozone composite PMI hits seven-month in June - IHS Markit