UK GDP seems to have maintained its momentum - TDS

Research Team at TDS, suggests that despite growing fears over Brexit and US tracking that continues to move towards a sub-1% annualized pace, UK GDP seems to have once again bucked the trend and maintained its momentum.

Key Quotes

“While growth is likely to slow from the 0.6% Q/Q in Q4, we see only a one-tenth deceleration to 0.5%, which presents upside risks relative to consensus expectations of 0.4%. We would expect to see some confidence and delayed investment effects show up in a further deceleration to the Q2 data, just not yet.”