UK GDP growth held back by soft trade and Brexit fears

UK GDP growth held back by soft trade and Brexit fears

“Unrevised from the first preliminary reading, UK GDP data prints at 0.4% for the first quarter with the annualised reading coming in at 2%, missing consensus estimates. The weaker annual print evidences further confirmation of the Brexit related negativity already embedded in the wider economy and aside from recent retail sales, continues a poor run of UK economic indicators.”

Tom Floyd quoted in Portfolio Advisor 

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