Highlights:
- Market stays cautious ahead of the busy end of the week
- IMF projected UK economy to grow at 3.2% in 2014
- UK lending data should disappoint
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DAILY CURRENCY UPDATE (29/7) – MARKET IS STAYING CAUTIOUS AHEAD OF THE BUSY END OF THE WEEK
Published by Uma Rajagopal
Posted on July 30, 2014
1 min readKey Takeaways
- Markets remain cautious heading into a busy end of the week.
- IMF projects UK economic growth at 3.2% for 2014, up from 1.7% in 2013.
- UK lending data is expected to disappoint, pointing to cooling credit conditions.
References
Frequently Asked Questions
Why is the market cautious ahead of the week’s end?
Market participants are awaiting several important economic releases later in the week, prompting a cautious stance.
What is the IMF’s growth projection for the UK in 2014?
The IMF projects the UK economy will grow by 3.2% in 2014, up materially from 1.7% in 2013 ([imf.org](https://www.imf.org/en/news/articles/2015/09/28/04/53/socar072814a?utm_source=openai)).
Why might UK lending data disappoint?
The Bank of England has flagged slowing lending activity, citing property shortages and the impact of new mortgage regulations ([mortgagesolutions.co.uk](https://www.mortgagesolutions.co.uk/news/2014/07/18/bank-of-england-blames-property-shortage-for-slowing-lending/?utm_source=openai)).
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