Pound to Dollar Rate's Relief Rally as UK PMI Data Boosts Sterling on Nostr: UK Economy Expected to Bounce Back After April's Stagnation =============== #ceb5d66c ...
UK Economy Expected to Bounce Back After April's Stagnation
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#ceb5d66c ver:0.75
UK economy expected to bounce back in May after April's stagnation, with 0.2% growth predicted. Construction and services sectors to drive expansion. However, overall performance since the pandemic has been lackluster compared to other G7 economies. Stable policy course and pro-growth government could attract more investment. Wet weather conditions and weaker retail sales over Easter contributed to April's lack of growth. Rising unemployment may prompt interest rate cut. UK GDP report raises concerns ahead of general election. Shadow Chancellor calls for action to support economy and stimulate growth. GBP/USD exchange rate fluctuates in response to report. US CPI report and FOMC decisions also being closely watched. UK economy needs to end stagnation, says think tank [Economy #UK #Growth #Investment]...
#newstr #UkEconomy #ServicesSector #ConstructionSector #LabourGovernment #EconomicGrowth
https://here.news/story/ceb5d66c?ver=0.75
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#ceb5d66c ver:0.75
UK economy expected to bounce back in May after April's stagnation, with 0.2% growth predicted. Construction and services sectors to drive expansion. However, overall performance since the pandemic has been lackluster compared to other G7 economies. Stable policy course and pro-growth government could attract more investment. Wet weather conditions and weaker retail sales over Easter contributed to April's lack of growth. Rising unemployment may prompt interest rate cut. UK GDP report raises concerns ahead of general election. Shadow Chancellor calls for action to support economy and stimulate growth. GBP/USD exchange rate fluctuates in response to report. US CPI report and FOMC decisions also being closely watched. UK economy needs to end stagnation, says think tank [Economy #UK #Growth #Investment]...
#newstr #UkEconomy #ServicesSector #ConstructionSector #LabourGovernment #EconomicGrowth
https://here.news/story/ceb5d66c?ver=0.75