GDP

UK growth in the first quarter of 2015 stood at 0.4%, according to the third and final estimate from the Office for National Statistics.

Sterling has pulled back against the dollar after a second estimate of Q1 UK GDP growth failed to produce the upwards revision expected by economists.

Sterling has fallen after the Bank of England downgraded its growth forecasts for the UK economy while indicating it could start to raise interest rates in mid-2016.

US economic growth saw a sharp slowdown in the first quarter of the year as a strong dollar hit exports, and bad weather hampered consumer spending.

Sterling and gilt yields have dropped after an initial UK GDP estimate showed growth slowed more than expected in Q1.

UK economic growth in the fourth quarter of last year was stronger than previously thought, according to the latest estimate from the Office for National Statistics (ONS).

Anti-corruption drive implications

Lower inflation, driven by a fall in oil prices, has helped the Office for Budget Responsibility (OBR) upgrade UK growth forecasts for 2015 and 2016 and given the government room to move on near-term borrowing.

Which way will the economy go?

The Office for National Statistics (ONS) has confirmed GDP in the UK expanded by 0.5% in the fourth quarter of 2014.