Euro to pound sterling live: The British Pound Draws a Bid after Business Investment and Stockpiling Lift Economy

“With real income growth currently supported by above-inflation wage increases and a big increase in the income tax personal allowance, growth in consumers’ spending should remain solid, keeping GDP on a steady rising path,” says Samuel Tombs, chief UK economist at Pantheon Macroeconomics . “We expect quarter-on-quarter GDP growth to slow to 0.2% in Q2, as the manufacturing boost turns into a drag. Nonetheless, with growth across the first two quarters of 2019 likely to be close to trend, the MPC will act quickly to raise Bank Rate again if Brexit uncertainty lifts.”

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