UK GDP Data Boosts Gilt Yields, Bolsters BOE Rate Hike Prospects
UK second-quarter GDP rose by 0.5% compared to the first quarter, exceeding expectations and indicating a resilient economy. This stronger-than-expected data has led to gilt yields trimming earlier declines and raised the prospect of further interest rate hikes by the Bank of England.
K. K. GDP data came in better than expected and lifted expectations that the Bank of England may raise interest rates. 5% from the first quarter, stronger than the prior reading.