UK economy rebounds faster than expected

The EURGBP cross remains on the defensive around 0.8425 during the early European session on Thursday, trading with mild losses after the monthly UK Gross Domestic Product data. The UK economy grew more than expected in May after stagnating in April, with the GDP expanding at 0.4% MoM. This figure beat market expectations of 0.2% in the reported period, according to National Statistics on Thursday. The Pound Sterling attracted modest sellers in response to the stronger UK data. At the same time, uncertainty has risen surrounding the Bank of England’s decision to begin lowering its borrowing costs from the August

SLIVER OF LIGHT: SA economy grows 0.4% in Q2 after flatlining in Q1, household expenditure shows surprise lift — Stats SA

daily maverick - 03/Sep 12:33

South Africa’s economy grew 0.4% in the second quarter of this year after a revised performance that saw its size unchanged on a quarterly basis in...

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UK economy rebounds faster than expected

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SLIVER OF LIGHT: SA economy grows 0.4% in Q2 after flatlining in Q1, household expenditure shows surprise lift — Stats SA

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