Ross Walker , Senior UK Economist at RBS forecasts that UK GDP is set to grow by 0.8% in the second quarter of the year.

Key quotes



"Our latest UK GDP Tracker estimate for Q2 – following ONS industry and construction output data for May – stands at 0.8% q/q, down from a preliminary estimate of 0.9% (published on 3 July)."



"Economic growth of 0.8% in Q2 would maintain the pace of expansion rather than mark an acceleration."



"There is not yet a market consensus forecast for the preliminary Q2 GDP release (on 25 July) but NIESR has published a 0.9% forecast and the BoE’s ‘Backcast’ projections also show 0.9%."



"Whilst a 0.8% q/q outturn would not fundamentally alter perceptions of the UK outlook, the latest data do challenge notions that the UK economy is accelerating."



More From

FXstreet.com..

Want to learn how to invest?

Get a free 10 week email series that will teach you how to start investing.

Delivered twice a week, straight to your inbox.