Cautious optimism as UK GDP turns positive in January

Three-month figure remains negative at 0.1%

James Baxter-Derrington
clock • 2 min read
The Bank of England is 'likely to sit on its hands' over H1 while it waits for a clearer picture of the nation’s growth and inflation trajectory.
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The Bank of England is 'likely to sit on its hands' over H1 while it waits for a clearer picture of the nation’s growth and inflation trajectory.

Experts have expressed cautious optimism over the UK’s return to growth, with monthly GDP up 0.2% in January, although the three-month figure remains negative at 0.1%.

Figures from the Office for National Statistics (ONS) also revealed the nation remained in the red on a year-on-year basis, down 0.3% on January 2023's print. Fidelity International investment d...

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