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UK growth falls to five-year low, Bank of England seen delaying rate hike


  • Economy
  • Saturday, 28 Apr 2018

Sterling tumbled by more than a cent against the U.S. dollar <GBP=D3>, and interest rate futures more than halved the chance of a May rate rise to less than 20 percent

Sterling tumbled by more than a cent against the U.S. dollar <GBP=D3>, and interest rate futures more than halved the chance of a May rate rise to less than 20 percent

LONDON: Britain's economy suffered its weakest growth since 2012 in early 2018, with heavy snow only partly to blame, prompting investors to slash their bets on a Bank of England rate rise next month.

Britain's economy grew by just 0.1 percent in the first quarter of 2018, well below the BoE's prediction of 0.3 percent and at the bottom end of economists' forecasts in a Reuters poll, official data showed on Friday.

Economy , Banking

   

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