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πŸ‡¬πŸ‡§ UK's inflation compass goes dark days before its toughest rate call in years

πŸ‡¬πŸ‡§ UK's inflation compass goes dark days before its toughest rate call in years

UK GDP grew 0.4% in July, beating forecasts, just as the Bank of England's inflation-expectations survey got knocked offline by a pollster switch, days before Thursday's rate decision with markets pricing a rising chance of a hike.

Stacked bars and a line chart of UK services, production and construction contributions to three-month GDP growth from July 2025 to July 2026.
Economics Observatory’s chart of the day shows services driving the UK’s 0.4% three-month GDP rise, with ONS highlighting AI- and cloud-linked IT firms among the strongest reporters. Source

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