The Day Today

– Moody’s expects the UK economy to slow, at 1% GDP growth in 2020, while house price inflation will be flat
– More than 1 000  European firms have applied to enter the UK despite Brexit uncertainty
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– Libyan oil production has been cut by 800 000 bpd as forces loyal to commander Khalifa Haftar shut a pipeline
– Sajid Javid said of EU negotiations “there will not be alignment,

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– UK Retail Sales fell 0.6% vs expected growth of 0.5%
– France’s biggest retailers fell sharply today as public sector strikes cause gridlock in Paris
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– China growth slowest in 29 years, GDP 6.1% in 2019 vs f/c 6.2%
– China Industrial Production 6.9% vs f/c 5.9%, Retail Sales 8% vs f/c 7.8%
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– Mikhail Mishustin unanimously approved by United Russia (UR) as Russian PM ahead of formal parliamentary vote in Duma where UR have a majority
– UK watchdogs FCA and BOE warn banks and insurers to switch from Libor as they have until September to do so
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