UK seen as a safe haven despite uneven recovery

The UK is regarded as a safe haven in the world although recovery is unevenly spread throughout the economy. The second quarter saw a growth recovery in the UK, according to GDP numbers, although improvement in the manufacturing sector is patchy and retail sales and consumer spending are starting to soften, according to Baird Equities strategists. The UK's Monetary Policy Committee continues to maintain interest rates in the face of US Fed cuts, though increasing public sector discontent with pay will increase the threat of wage inflation next year. On the reverse side, there has b...