The Conference Board (CB) released its leading economic index for the U.K. on Monday. The leading economic index increased 0.2% in August, after a 0.2% decline in July.

The coincident index was up 0.2% in August, after a 0.1% rise in July.

"The current behaviour of the composite indexes suggests that the economy is likely to continue to grow into early next year, but the pace is unlikely to pick up," the CB said.