The UK economy shows resilience with a strong 0.7% growth rate in April, driven by consumer spending and manufacturing. This positive momentum is expected to boost the British pound against major currencies. The stock market is likely to see increased investor confidence and higher share prices, especially in consumer and manufacturing sectors. Central banks may consider tightening monetary policy in response to the strong economic data, potentially leading to higher bond yields. Despite Brexit and trade tensions, the outlook for the pound remains bullish, but uncertainties persist. Central banks, including the Bank of England, will closely monitor economic data and inflation trends to guide future interest rate decisions.
The UK economy continues to show signs of resilience as the latest NIESR Monthly GDP Tracker reveals...Subscribe to access the full content