The British economy returned to growth in November, but output was weaker than expected, new data from the Office for National Statistics shows.
GDP rose 0.1 percent in November, missing forecasts of 0.2 percent but marking an improvement after two consecutive months of contraction.
The data, following Wednesday’s weaker-than-expected inflation data, may strengthen the case for the Bank of England to resume cutting interest rates.
The FTSE 100 will open at 8am Companies with trading reports and updates today include Taylor Wimpey, CAB Payments, Young’s, Whitbread, Deliveroo and Dunelm. Read the Business Live blog from Thursday 16 January below.
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GDP grows 0.1% in November