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3 Numbers: UK fourth quarter GDP expected to pick up by a healthy 0.5%
Thursday’s a busy day for economic releases on both sides of the Atlantic, including the initial report for the UK GDP report in Q4. Later, two US numbers will be closely read for new insights into the macro trend at last year's close through to the start of 2017. First up is the Chicago Fed National Activity Index numbers for December, followed by January's flash estimate of the Services PMI. UK: Q4 GDP (0930 GMT) Most estimates for today’s preliminary GDP report for the fourth quarter are expected to show minimal blowback for the UK economy at the headline level. That's hardly the last word on what lies ahead, ... (full story)