Previous values: + 0.5%
Estimated: 0.0%
Current: + 0.2%
Generally positive data but not expected to change the pound trend. If nothing else, that means at least Britain's economy is not as bad as people thought about the fears surrounding Brexit. Once again, the build-up of stocks in the light of Brexit's uncertainty has increased demand, which has led to a leap in production activity, and also helps to stimulate the economy a little. The other details are also not as good on the commercial side as the volume of exports has grown by only 0.5% after jumping from 3.9% on a monthly basis in January.
But the main reason for me is that all of this accumulation before Brexit is the main reason that gives the British economy a temporary impetus in Q1 2019. All this will eventually come back to the detriment of the economy, so just be cautious, things are not are as positive as data suggest.
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