Economy · Brief
AI Lifts UK Growth to 0.7%, Putting a Rate Hike in Play
The UK economy grew 0.7% in the third quarter, and markets now see a 73% chance of a Bank of England hike in December.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- The UK economy grew 0.7% in the third quarter, in line with estimates.
- September alone grew 0.2%, against no growth expected.
Services led the growth and AI investment gave the economy an extra engine, CNBC reported. Annual growth reached 1.9%.
Markets now price a 73% chance that the Bank of England raises rates at its December meeting, investingLive reported, citing LSEG data.
Kunkafa forecasts
British pound - Dollar
How far it could move, which way, by when, and how confident Kunkafa is.
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