020 7898 0500The main release of the week for the UK came on Friday in the form of the GDP growth rate for the fourth quarter of 2017. It had been expected to come in at 0.4% but the UK economy actually performed better than towards the end of last year and hit 0.5%. Meanwhile, sterling had a relatively volatile day against the dollar for, while it did make gains, they weren’t as dramatic as they might have been.
Today is a busy week for economic data beginning with Nationwide housing prices for January today and the mortgage approvals for December tomorrow. On Wednesday we will see consumer confidence for January, while Thursday sees the release of the manufacturing purchasing managers’ index reading for January. It is expected to increase from 56.3 to 56.5 which would be a healthy state of affairs.
