Commenting on the UK GDP data released this morning, Melanie Baker, senior economist at Royal London Asset Management, said:
“Uncertainty, whether related to the final Brexit outcome or broader economic policy, threatens to linger no matter who wins the election.
“The message from GDP and recent business survey data is that growth in the economy is weak. Brexit uncertainty has dampened business investment over the past couple of years and broader political uncertainty may have an impact on upcoming data releases”.
About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £139 billion of assets and employs 113 investment professionals as at end July 2020. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
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