UK economic data

UK economy returns to growth in May 2024 with better figures than expected

In May 2024, the U.K. economy expanded by 0.4%, according to figures released by the Office for National Statistics on Thursday 11th July 2024.

The newly elected Labour Party will welcome this broad-based recovery as Prime Minister Keir Starmer begins his first week in office.

Following the announcement, Sterling surged to a four-month high against the U.S. dollar

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