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. In Germany, economic activity fell sharply and unemployment rose sharply, with joblessness rising from a record low of 4.7% in June to 4.9% this month. The FTSE languished in the red at the start of the trading week, beaten down by the strengthening pound and a slump at Primark owner AB Foods. 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 sterling to a six-week high at $1.2380 against the US dollar. In Germany, economic activity fell sharply and unemployment rose sharply, with joblessness rising from a record low of 4.7% in June to 4.9% this month. 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.