Morgan Stanley Research preview the UK monthly GDP report on Thursday.

"Our nowcasting models are consistent with 3M/3M growth at 0.2%. Out bottom-up modelling suggests February growth at 0.1%M, with modest upside risks to this estimate," MS notes.

"Following the March PMI data, our nowcasting plummeted to 0%Q growth for 1Q26. We do think the sentiment hit is overstating the scale of activity slowdown in March, and keep our 1Q growth forecast at 0.2%, with 2Q growth estimate at 0.1%Q. From here on out, more broadly, we expect flat activity, with downside risks over 2H," MS adds.