The UK 's GDP increased by 0.3% in Q2 2019 , according to the Office for National Statistics , marking a return to growth after remaining flat in July . The news the UK may be dodging a recession sent sterling to a 2019 high at $ 1.2380 against the US dollar. Furthermore, London -based think tank the National Institute of Economic and Social Research now predicts that the UK economy will grow by 0.3% in Q3 six-week , 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 sterling to a six-week high at $1.2380 against the US dollar. Furthermore, London-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.