020 7898 0500There were no economic data releases in the UK yesterday, although Moody’s Investors Services published its latest Brexit Monitor on Monday which said that UK economic growth may have eased in early 2018.
The report said that retail sales remained sluggish in January, but employment growth remains positive. Importantly, it suggests that the fact that the UK and EU have a shared interest in avoiding a ‘no deal’ scenario means that the terms of the transition period will likely be agreed.
Sterling traded sideways against the euro for the second day in a row, but it did weaken further against the dollar following Fed Chair Powell’s comments about the US economy and interest rate rises in 2018.
Today we have the Gfk consumer confidence for February. It was -9 last month and is expected to dip a little to -10. In addition, we will see the Nationwide house prices.
