'Mid-cycle slowdown': UK economy weakens

Down from 0.6% in Q3 2018

Tom Eckett
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Annual GDP growth for 2018 was the lowest in six years with Brexit uncertainty weighing on business investment
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Annual GDP growth for 2018 was the lowest in six years with Brexit uncertainty weighing on business investment

The Bank of England (BoE) is under no pressure to raise rates in the near future with markets pricing in just a 35% chance of a hike in 2019 following a string of weaker-than-anticipated growth data.

Last Monday (11 February), the Office for National Statistics revealed UK GDP expanded by 0.2% in Q4 2018, down from 0.6% in Q3 and missing analysts' expectations of 0.3% growth. Furthermore, annual...

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