Britain's economy unexpectedly picked up speed in the three months to September, putting the Bank of England firmly on track to raise interest rates next week for the first time a decade. Output rose 0.4 percent compared with 0.3 percent growth in the quarter to June, the Office for National Statistics said on Wednesday. A Reuters poll of economists had forecast 0.3 percent. Sterling hit a day's high against the dollar on the figures, while British government bond and share prices fell as financial markets further adjusted to the prospect of higher interest ...
UK economy picks up speed in 3 months, puts BoE rate hike firmly on track
Output rose 0.4 percent compared with 0.3 percent growth in the quarter to June