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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by Renju Jaya
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