Pound hits six-week high as UK GDP returns to growth in July

Read More In The Guardian

Samuel Fuller, director of Financial Markets Online, says the market reaction shows that expectations for the UK economy have fallen rather low:

“Seldom has stagnation seemed like such an achievement.

“Despite sharp falls in both manufacturing and construction output, Britain’s vast service sector has ridden to the rescue once more – dragging the net position up to zero.

“As a result, the jury remains out on whether the UK is about to enter a recession. The prospect is perilously close but not yet inevitable.

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