Pound rises after UK growth beats July expectations
Sterling edged higher after UK GDP grew 0.4% in July, exceeding economists' expectations.
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Sterling edged higher after UK GDP grew 0.4% in July, exceeding economists' expectations.
Britain’s economy expanded 0.4% in July, according to UK Office for National Statistics figures referenced in a Reuters poll.
Britain’s economy grew 0.4% in July, according to monthly figures from the Office for National Statistics.
Copart said fourth-quarter revenue was $1.2 billion, up 2.4% year over year, and fiscal 2026 revenue rose 0.4% to $4.7 billion. The company also said global unit sales fell 2.9% and announced the acquisition of ACV.
European equity futures pointed higher as subdued US inflation data reduced expectations for a September Fed rate hike, while UK GDP grew 0.4% q/q in the three months to June.
US market experiences rotation away from tech as weakness in mega-cap tech widens, with semiconductors declining 7% and NASDAQ opening down 3%.