I posted earlier on the BCC downgrading its economic growth forecasts
- expects growth of 1.1% in 2018 (down from its previously expected 1.3%)
- expects growth of 1.3% in 2019 outlook (from 1.4% previous) (Link here for earlier post)
BCC citing:
- lack of precision on the nature of the U.K.'s future relationship with the EU is lowering expectations for both business investment and export growth
- drag effect on investment and trade would intensify in the event of a 'messy' and disorderly Brexit
Such uncertainty is not a positive for business investment, no
More here at Bloomberg
GBP not caring much. Mind you, nothing FX is doing too much at all.
