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Investec's Shah Comments On UK GDP Data

“Third quarter UK GDP accelerated to 0.4%, above the consensus figure of 0.3%, with some indications that the dominant services sector continues to be in expansionary territory. With the year-on-year GDP figure coming in at 1.5%, all indications suggest the Bank of England is likely to increase base rates by 25bps at its November meeting. The key uncertainty for the central bank is whether it will increase base rates any further in 2018.”