Sources: Macrobond, Oxford Economics, Office of National Statistics
UK Interest rates are currently at
In July the RPI rate remained at
Q2 2019 GDP growth was
In July the 10YR Gilt yield (end of period) was
In July the CPI rate increased to
Forecast for Q3 2019 GDP growth is
UK economic growth contracted by 0.2% in the second quarter of this year.
Growth surprised on the downside, as a result Sterling took a hit and fell to its two-year low against the dollar.
At the moment the performance of the UK economy is mixed in particular due to erratic moves largely due to businesses stockpiling ahead of Brexit.
The unemployment rate edged upwards to 3.9%, this is the first time since the summer of last year.
The labour market may have reached its turning point with the number of vacancies no longer increasing suggesting demand for workers has cooled off.