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

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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