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According to the latest Reuters poll of economists, the British economy is likely to see a modest upturn in growth should the UK clinch a free trade agreement with the European Union (EU).

Key Findings:

“A free-trade deal between the two will be made and expectations that Britain will leave on March 29 without an agreement have barely changed over the past month.

UK economy to grow 0.2 pct in Q1 2019; 0.3 pct in Q2; 0.4 pct in Q4 (0.3; 0.3; 0.4 In Jan Poll).

Bank of England (BOE) to raise bank rate to 1.00 Pct in Q4 2019 (Q3 2019 In Jan Poll).

 EU-UK Free Trade Agreement is most likely eventual outcome of Brexit.

Chance of disorderly Brexit nudged up to 25 Pct (23 Pct in Jan Poll).”