020 7898 0500With very little in terms of UK economic data being released over the past 24 hours, question marks remain over the sustainability of UK growth following the release of three disappointing purchasing managers’ index data sets. Whilst they did show continued growth, the growth for all three industry sectors had slowed and fell below expectations.
Some key economic data will be released today. The Halifax house price index is expected to show growth of 0.2%, whilst the manufacturing production figures are expected to grow by 0.5%.
Most importantly, Carney is due to speak about the economic impact of climate change at the G20 meeting in Hamburg. If there are any further hints with regard to interest rate hikes sterling could move.
