UK: Q2 GDP likely to contract slightly at -0.1% – TD Securities

Analysts at TD Securities note that for the first estimate of UK’s Q2 GDP, it's a close call between zero and a negative print, but TD expect GDP to contract slightly at -0.1% q/q.

Key Quotes

“There is a larger than usual amount of uncertainty around the contribution from inventories and imports, as some of the pre-29 March (the original Brexit date) inventory build is worked off.”