UK ONS GDP figures better than expected at 0.6%, but Bank of England ups pressure for rate cuts

This morning, the United Kingdom Office for National Statistics (ONS) released better-than-expected GDP figures for the UK’s first quarterly estimate from January to March 2024. The results showed quarterly growth of 0.6% for the nation’s GDP, and year-on-year growth of 0.2%, according to the ONS: UK gross domestic product (GDP) is estimated to have increased […]