2025-02-14 16:07
IndustryUK Q4 GDP Surprises with Positive Growth
In Q4 2024, UK GDP grew by 0.1%, surpassing the expected -0.1% and accelerating compared to the flat performance in Q3. The slight recovery may boost government confidence ahead of the new forecast from the Office for Budget Responsibility next month. Traders have reduced expectations for a Bank of England rate cut, now predicting a further 56 basis points this year.
#UKGDP #RateCut #EconomicGrowth #BankOfEngland
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UK Q4 GDP Surprises with Positive Growth
| 2025-02-14 16:07In Q4 2024, UK GDP grew by 0.1%, surpassing the expected -0.1% and accelerating compared to the flat performance in Q3. The slight recovery may boost government confidence ahead of the new forecast from the Office for Budget Responsibility next month. Traders have reduced expectations for a Bank of England rate cut, now predicting a further 56 basis points this year.
#UKGDP #RateCut #EconomicGrowth #BankOfEngland
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