25 Oct 2017
The likelihood of a rise in UK interest rates dramatically increased on better than expected Gross Domestic Product (GDP) figures. Office for National Statistics figures show that in the 3 month quarter to September GDP rose by 0.4% - 0.1% up on the first two quarters. UK economist Ruth Gregory, of research company Capital Economics, said the figures 'have probably sealed the deal on an interest rate hike next week'.
The pound rose against the dollar and the euro by almost 0.3% after the publication of the figures on Wednesday.
The US dollar continues to be strong. It is supported ...