Weekly Economic Briefings > Uk Weekly Economic Briefing

Octobers activity surveys were upbeat, as were the latest numbers on household borrowing. So while early days, the economy looks on course to broadly keep pace with Q3s decent expansion in GDP. Given this resilience, it was no surprise that the MPC used the latest Inflation Report to upgrade its forecasts for growth this year and next. But with higher inflation and uncertainty expected to persist for longer, the good news from the Committee ended there. Meanwhile, we doubt that this weeks High Court ruling will make much difference to the UKs exit from the EU.