Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Christine Lagarde, head of the International Monetary Fund, is in London this morning to present the Fund’s annual health check of the UK economy.
She will give the presentation at the Treasury, following an introduction from the chancellor, Philip Hammond. The press conference kicks off at 10am.
This year’s review will be closely scrutinised for the IMF’s latest take on how much of an impact Brexit might have on the UK economy. In the runup to the referendum, Lagarde was an outspoken opponent of Brexit, and warned a vote to leave the EU would result in a stock market and house price crash.
How does the IMF now think the UK will fare? We’ll bring you its assessment as it comes in from.
Also coming up:
11am GMT: The CBI’s distributive trades survey for December will provide the latest snapshot of how the UK’s retail sector is performing in the runup to Christmas
1.15pm GMT: Mark Carney, governor of the Bank of England will appear with colleagues at the Treasury Select Committee on the subject of financial stability