SNAPSHOT2 min read

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.



Janet Mui
Global Economist, Cazenove Capital
  • 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.

This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.

This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.

All data contained within this document is sourced from Cazenove Capital unless otherwise stated.


Janet Mui
Global Economist, Cazenove Capital


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