More and more financial institutions are expressing concerns about the impact of a Brexit on the UK's economy. This week, the Bank of England in its monetary policy meeting left interest rates unchanged and also released the inflation report. The central bank raised inflation forecasts through September and expects UK's inflation to rise to 2.10% in 2018, technically ruling out a rate hike in the near term. This week saw the UK's industrial and manufacturing production post a modest recovery as manufacturing production edged 0.10% higher while industrial production increased 0.30% on a month over month basis. However, on a yearly basis manufacturing was down 1.90%. On Friday, UK's construction output fell 3.60%, missing forecasts of a 2.80% decline with February numbers revised to -0.90% from -0.30% respectively.
IMF Warns UK on Brexit Impact
Weekly Report - 15/05/2016