Janet Mui: weekly economic update 29 March

No clarity on Brexit

A wide range of outcomes remains possible, including a leadership change, a general election and a second referendum. Sterling is under pressure.

Encouraging German survey data

The IFO business expectations index moved higher for the first time in eight months. This suggests an improvement in economic activity later this year.

US data revised lower but outlook brighter

US GDP for the last quarter of 2018 was revised slightly lower this week. However, rising wages and the easing of trade tensions should support growth this year.

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