UK economy looks set to accelerate in 2020

Hi everyone,

Following the landslide victory for the Conservatives last week, which has put the Pound way out in-front for the best performing major currency in 2019. There is more good news expected next year, as the forecast for growth is set at 1.8%, a huge increase to this years 1.3%. Boris Johnson has also pledged to increase Government spending and bring an end to austerity by 2025.

Sterling has continued to perform well since the vote, but rates have yet to calm down and are extremely volatile. The upside is considered to be limited for the rest of the month and it's good to see the Pound at multi-level highs across the board for once!

The BoE meeting on Thursday is a must watch, to see what members think of the election and what they forecast in Q1 next year. For now, we await the date for when the withdrawal agreement will be put before Parliament, which pretty much wipes away a no-deal Brexit. 




Upcoming Data


Tuesday, 17th December, 2019

09:30 UK - Average earnings, employment change & jobless claims
10:00 EU - Euro-Zone trade balance
13:30 US - Building permits & housing start
14:15 US - Industrial & manufacturing production 

Wednesday, 18th December, 2019

08:30 EU - ECB President Lagarde conference 
09:00 EU - German business climate and expectations
09:30 UK - CPI & house price index, PPI & RPI
10:00 EU - Euro-Zone CPI
12:00 US - Mortgage applications

Thursday, 19th December, 2019

09:30 UK - Retail sales
12:00 UK - BoE rate decision & conference 
13:30 US - Jobless claims
15:00 US - Existing home sales

Friday, 20th December, 2019

00:00 UK - Consumer confidence
07:00 EU - German consumer confidence
09:30 UK - GDP & public sector borrowing
13:30 US - GDP & personal consumption
15:00 EU - Euro-Zone consumer confidence
15:00 US - Personal income/spending


Dan Waterman
Office Manager



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