The UK economy rebounded at a faster-than-expected pace in October with a strong contribution from the services activity, though economists and observers said the monthly figures mask the underlying recession.
Later this week, the Bank of England is widely expected to shift the gear down on interest rate hikes. Markets have penciled in a 50 bps rate hike for Thursday, after the bank delivered a 75 bps increase in November, which was the biggest in 33 years.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.