UK economy perks up slightly as Bank of England nears rate decision


LONDON (Reuters) – Britain’ economy picked up a bit of speed in May after slowing in early 2018, according to official figures that are likely to give the Bank of England more confidence about raising interest rates next month.

FILE PHOTO: People walk along the high street in Salisbury, Britain, June 22, 2018. REUTERS/Toby Melville/File Photo

A new monthly reading of gross domestic product showed the world’s fifth-biggest economy grew by 0.3 percent in May from April.

That was up from growth of 0.2 percent in April and in line with the forecast in a Reuters poll of economists, marking…



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