The UK 's GDP increased by 0.3 % in July , according to the Office for National Statistics , marking a return to growth after remaining flat in Q2 2019 . The news the UK may be dodging a recession sent it to a six - week high at $ 1.2380 against the US dollar . There was no getting way from Brexit as the new week kicked off, hardly surprising given the flow of headlines across the weekend. Furthermore , US - based think tank the National Institute of Economic and Social Research now predicts that the UK economy will grow by 0.3 % in Q3 2019 , up from its previous forecast of 0.2 % . It is thought Brexit stockpiling and the potential avoidance of a no - deal Brexit could help to buoy the economy .
The UK 's GDP increased by 0.3 % in July , according to the Office for National Statistics , marking a return to growth after remaining flat in Q2 2019 . The news the UK may be dodging a recession sent it to a six - week high at $ 1.2380 against the US dollar . Furthermore , US - based think tank the National Institute of Economic and Social Research now predicts that the UK economy will grow by 0.3 % in Q3 2019 , up from its previous forecast of 0.2 % . It is thought Brexit stockpiling and the potential avoidance of a no - deal Brexit could help to buoy the economy .