Brexit? What Brexit? UK Economy Grows 0.5% In Q3 – GBP Jumps

The UK economy grew by 0.5% in Q3 2016, better than 0.3% expected. The outcome lowers the chances of a rate cut in next week’s BOE decision.

The UK economy grew by 0.5% in Q3 2016, better than 0.3% expected. This is the quarter immediately after Brexit. The outcome lowers the chances of a rate cut in next week’s BOE decision.

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gbpusd-uk-gdp-october-27-2016

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