FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that risks are balanced around the UK’s Q3 GDP, and 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 estimates at less than 1%) is being worked off. This should help lay a solid foundation for the MPC to begin increasing Bank Rate in May 2016. The services component is likely to have gained 0.2% m/m in August.”
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