Snapshot - Strategy & economics

Janet Mui: weekly economic update 6 September 19

The UK is heading towards an election, while weak US manufacturing data suggests growth may be slowing in the world's largest economy.

06/09/2019

Janet Mui

Janet Mui

Global Economist

  • Sterling jumped after the UK Parliament voted in favour of legislation designed to reduce the risk of a “no-deal” Brexit.
  • However, with an election now very likely – and the Conservatives polling well – a no-deal Brexit is still a possibility.
  • US data shock: a closely watched measure of US manufacturing activity dipped into contractionary territory for the first time in three years.

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