Wealth and Asset Management
UK economy: better-than-expected GDP paves way for more rate rises
The UK economy is estimated to have contracted by 0.6% in the month of June, after 0.4% growth in May. A dip in output was to be expected given the extra bank holiday to celebrate Her Majesty the Queen’s Platinum Jubilee. However, consensus expectations were too pessimistic, forecasting a contraction…
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