Rolling coverage of the latest UK growth figures, released at 9.30am
- Introduction: UK growth figures due this morning
- Quarterly growth rate may have halved to 0.3%
- Industrial production and trade figures also due
The pound is coming under a little pressure this morning, dipping by a third of a cent against the US dollar to $1.291.
That suggests traders expect an underwhelming GDP report this morning – weak growth lowers the chances of an early interest rate rise.
Latest UK GDP growth figures out today. Consensus is that the economy grew by 0.3%q/q (1.4%y/y) in the final quarter of 2018. Expect a lot of focus on economic uncertainty. Frequency of news mentions is as high as it was at the time of the 2017 General Election. pic.twitter.com/6oD6TBvSUB