UK GDP rose 0.1% in May, matching consensus, but wage growth at 4.4% and services inflation at 3.7% leave the Bank of England's rate committee little room to cut. Markets price an 86% chance of a hold on July 30.
UK GDP grew 0.7% in the three months to May 2026, extending a run of modest expansions as services, production and construction all contributed to the gain. Source
