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Chance of UK Rate Rise in 2015 all but Zero: A Q4 Forecast

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Economic Update The UK economy has continued to grow at a solid and steady pace, improving on the slightly disappointing growth seen earlier this year. Official figures for growth in the second quarter of this year have GDP at 0.7% q/q, which is at the top end of most estimates. The NIESR GDP estimate sees this cooling slightly to around 0.5% q/q in the three months to the end of August, but a robust rate nonetheless. UK unemployment has also remained solid during the quarter at 5.5%, its

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