UK GDP rose 0.1% in May, beating forecasts, but 10-year gilt yields topped 5.10%, the highest since 2008, as an oil-driven inflation shock leaves the Bank of England unable to cut rates into stalling growth ahead of Andy Burnham's premiership.
UK GDP rose 0.1% in May but cyclical production and construction sectors contracted, leaving the three-month growth at 0.7% amid the Iran conflict drag on output. Source
