UK rate rise more likely as Q3 GDP beats forecasts with 0.4% growth
The UK economy beat forecasts to grow by 0.4% in Q3, according to the latest figures from the Office for National Statistics (ONS), further increasing the likelihood of a Bank of England interest rate rise next Thursday.
Output for the three months to September was higher than the expected 0.3%, which was reported in both Q1 and Q2. Services and manufacturing did well during the quarter, up by 0.4% and 1% respectively....
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