United Kingdom: Growth resilience but softer inflation – Deutsche Bank - TMGM

UBS On-Air: Paul Donovan Daily Audio 'Resilience—economics 1, politics 0'

The desk contends that the UK's stronger-than-expected first quarter GDP, primarily propelled by consumer spending, underscores resilience in the face of rising oil prices and political challenges. As observed in the UBS commentary, UK consumers are adapting their purchasing behaviors, with shifts toward flexible working and online retail, which supports economic stability despite a decline in savings rates. In this context, we currently hold a consensus target of 1.075 for GBP/USD. The upcoming discussions regarding political dynamics and leadership within the Labour Party could create volatility but are not anticipated to significantly alter fiscal policy.

Pound Sterling Slips Vs Euro And Dollar As Weak UK GDP Masks Resilient UK Growth - Exchange Rates Org UK

Canadian Dollar: Growth outlook steady with soft GDP – RBC - TMGM

ECB's Lagarde: Risks to the growth outlook are to the downside