UK economic output for the second quarter was revised upward, a firmer growth reading that lends support to the pound and domestic equities. That brighter data sits against a softe
UK economic output for the second quarter was revised upward, a firmer growth reading that lends support to the pound and domestic equities. That brighter data sits against a softer mood on the ground, with business morale slipping to its lowest level in over a year according to a major lender's survey. The Bank of England has also flagged growing risks around debt levels and rapid AI investment, keeping a cautious tone in policy discussions even as headline growth improves.
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