UK Economy Shows Unexpected Growth Amid Slowdown
The UK economy has reported a surprising growth of 0.3% in the second quarter, exceeding expectations despite a general slowdown. While the growth is slower compared to previous performances, it signals resilience amid challenges such as higher business costs and tariff pressures. Analysts note that this performance offers some relief, easing pressure on the Bank of England and raising questions about future rate cuts. The growth is primarily driven by stronger construction and services sectors, although concerns remain regarding living standards and the overall outlook. Despite mixed signals in the market, the pound has reached a one-month high as UK growth surpasses estimates.
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