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🇬🇧 UK grows at its fastest quarterly pace since 2024, leaving the BoE with no easy case for cuts
The day in view

🇬🇧 UK grows at its fastest quarterly pace since 2024, leaving the BoE with no easy case for cuts

Macro Soup Newsroom Macro Soup Newsroom 3 min read

UK GDP grew +0.6% quarter-on-quarter in Q1 2026, the strongest quarterly print since Q1 2024, with nominal wage growth running above 6% year-on-year. The Bank of England held the Bank Rate at 3.75% in June; market pricing for two more cuts this year looks increasingly stretched.

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