According to James Smith, Developed Markets Economist at ING, there’s little doubt growth has stepped up a gear over the summer, helped along by better weather. Key Quotes “Growth remained unchanged in August, but that follows what was a pretty chunky 0.4% increase in July. This points to a decent overall third-quarter GDP reading in the 0.5/0.6% region, but with the sunny weather now largely behind us, the question is whether the economy can sustain this better performance.” “We think growth will face a number of challenges over the next few months.” “Firstly, of course, there’s Brexit.” “The combination of greater uncertainty and the fact that real incomes are again being squeezed by the near-10% rise in petrol prices since March indicates the high street faces another challenging period.” “With that in mind, we think there’s a risk that economic momentum slows again over the autumn and winter, which in turn means the Bank of England is unlikely to hike rates again before May 2019.” 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 US inflation needs to be really bad to stop the USD Yohay Elam 4 years According to James Smith, Developed Markets Economist at ING, there's little doubt growth has stepped up a gear over the summer, helped along by better weather. Key Quotes "Growth remained unchanged in August, but that follows what was a pretty chunky 0.4% increase in July. This points to a decent overall third-quarter GDP reading in the 0.5/0.6% region, but with the sunny weather now largely behind us, the question is whether the economy can sustain this better performance." "We think growth will face a number of challenges over the next few months." "Firstly, of course, there's Brexit." "The combination of… 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.
