Following several months of soft macro data this week's UK GDP data suggests something of an upturn in activity or late and raises the question of whether the UK economy has turned a corner.
What was a solid nascent recovery at the start of 2024 petered out in the second half of the year as both consumer and business sentiment surveys sunk following the gloomy rhetoric of the new government.
However, the UK was spared the worst of the reciprocal tariffs receiving a 10% baseline rate.
Elsewhere the reproachment with the EU including sectorial agreements in defence, food standards and mobility expected to be announced at this summit next week.
