More on the BCC lowering its GDP forecast for the UK economy this year and next

I posted earlier on the BCC downgrading its economic growth forecasts

• expects growth of 1.1% in 2018 (down from its previously expected 1.3%)
• expects growth of 1.3% in 2019 outlook (from 1.4% previous) (Link here for earlier post)

BCC citing:

• lack of precision on the nature of the U.K.'s future relationship with the EU is lowering expectations for both business investment and export growth
• drag effect on investment and trade would intensify in the event of a 'messy' and disorderly Brexit

Such uncertainty is not a positive for business investment, no

More here at Bloomberg

GBP not caring much. Mind you, nothing FX is doing too much at all.