08/06/2017 - UK Economy Expected To Slow

GBP

The UK economy is predicted  to slow this year and next, clouded by uncertainty over the outcome of the UK's negotiations over Brexit.
 
According to the Organisation for Economic Cooperation and Development (OECD), the uncertainty and the assumed outcome from Britain leaving the European Union, is projected "to undermine spending, in particular investment".
 
It said UK growth forecasts of 1.6 per cent in 2017 and one per cent in 2018 remained unchanged from its March prediction. While the OECD pushed up many forecasts for other countries next year, it kept the UK prediction constant.
 
The latest poll out yesterday predicted Theresa May's Conservative party is seen winning 305 seats in this week's General Election - 21 short of the 326 needed for an overall majority, according to the latest poll from YouGov.
 
That result would represent a loss of 25 seats for the Tories, and a further dip from the 308 seats they were forecast to win in YouGov figures released on Saturday. The latest figures have Labour projected to win 268 seats, and increase on a prediction of 261 over the weekend.

Key Announcements

All Day: UK General Election

08:00 –EUR: Eurozone GDP(YoY) expected to remain unchanged at 1.7%

10:45 –EUR: ECB Interest Rate Decision expected to remain unchanged at 0%

11:30- EUR: ECB Monetary policy Stetment and Press Conference