According to James Smith, Developed Markets Economist at ING, at 0.6%, the latest UK growth for the third quarter indicates the economy moved up a gear over the summer. Key Quotes “The underlying details show much of this was driven by consumption, helped along considerably by persistently warm weather. There was also some better news for investment; it fell in the first two quarters of the year but grew by 0.8% in the third.” “Overall there’s little doubt the economy had a better run over the summer. But now that the sunnier weather is behind us, we think this stronger momentum will begin to fade. There has already been some evidence of this in the latest PMIs, which indicate Brexit uncertainty may be beginning to weigh more heavily on activity.” “”We still think there is a clear risk that we won’t know for sure that ‘no deal’ has been avoided until next year.” “So we think the economy has a challenging few months ahead of it, and we expect to see fourth-quarter growth to slow to around 0.3%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD door open for a test of 1.1300 – UOB FX Street 4 years According to James Smith, Developed Markets Economist at ING, at 0.6%, the latest UK growth for the third quarter indicates the economy moved up a gear over the summer. Key Quotes "The underlying details show much of this was driven by consumption, helped along considerably by persistently warm weather. There was also some better news for investment; it fell in the first two quarters of the year but grew by 0.8% in the third." "Overall there's little doubt the economy had a better run over the summer. But now that the sunnier weather is behind us, we think this… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
