Analysts at TD Securities point out that UK’s monthly GDP for February is released, and they see upside risks with a gain of 0.2% m/m (consensus: 0.0%), building on last month’s surprising 0.5% print.
Key Quotes
“Underlying our forecast are small gains in services and IP offset by a contraction in construction. Data in the coming months is likely to be choppy, and we would read little into a single month’s observation until Brexit uncertainty wanes.”
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