The UK has been remarkably resilient to Brexit uncertainties, but we think growth will slow this year. However, we stress that the uncertainty surrounding our forecast is higher than usual due to the upcoming Brexit negotiations.
Brexit remains the biggest risk factor for the UK economy in coming years. Exit negotiations are set to begin by the 'end of March'.
Inflation will increase significantly this year due to the weaker GBP.
The Bank of England is set to remain on hold for the next 12 months.
We expect GBP to come under renewed pressure in the run-up to Article 50 being triggered.
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