FXStreet (Delhi) – James Rossiter, Senior Global Strategist at TD Securities, suggests that risks are balanced around the UK’s 15Q3 GDP reading – we expect an on-consensus 0.6% q/q print.
Key Quotes
“Economic momentum was maintained through the middle of the year, and slack in the economy (which the BoE estimated at around 0.5% in the August Inflation Report) is now being worked off steadily by above-trend growth. Coupled with healthy real wage growth and a return of inflation to the 1-3% range, this should help lay a solid foundation for the MPC to begin increasing Bank Rate in May 2016.”
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