UK GDP Growth Prompts Higher December BOE Rate Expectations
UK annual GDP expanded 2.1% in September, above the 1.9% expected by economists in a WSJ poll, lifting expectations for a BOE rate increase at its December meeting.
Markets have raised their expectations of the Bank of England increasing interest rates at the December policy meeting after stronger-than-expected U.K. GDP data. The latest data shows U.K. annual GDP expanded at 2.1% in September, above the 1.9% expected growth by economists in a WSJ poll.
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