Home » Currency Note » Currency Note » Currency Note GBP » GBP: UK expected to bottom of EU growth league in 2020

With no economic data releases from the UK, attention turned to the European Commission forecasts which included growth expectations for the next couple of years. The UK is expected to be joint bottom next year with Italy, while by 2020 it will be the slowest performing economy in the eurozone. Such predictions are necessarily speculative, but it is faintly worrying all the same.

Other notable aspects include UK unemployment, which is expected to rise, although inflation is forecast to ease. This is in part because of the impact of sterling’s depreciation since 2016. Still, the fact remains that this is all speculation and a lot can happen between now and 2020.

Today is extremely busy for UK economic data, with the GDP growth rate for the third quarter of 2018 being the highlight. The markets are expecting a year-on-year figure of 1.5% from 1.2% in the previous quarter, while on a monthly basis, a figure of 0.6% from 0.4% the previous period is expected. We will also see balance of trade, industrial and manufacturing production, and construction output figures for September.

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Keep up to date

Get regular, jargon-free currency market updates delivered directly to your inbox.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.