0744 GMT - Investors lower their expectations of the Bank of England raising interest rates following frail U.K. GDP data for April. Monthly GDP contracted by 0.1% in April from 0.3% growth in March. Annual GDP growth was 1.2%, unchanged from March, but weaker than the consensus forecast of 1.3% growth by economists in a WSJ poll. Recent U.K. data releases "suggest the economy slowing sharply going into the second quarter and that recession risks are elevated", Aberdeen's Luke Bartholomew says in a note. Investors price in a total of 38 basis points of BOE rate hikes in 2026 following the data, down from 51bps of rate rises priced in beforehand, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
June 12, 2026 03:44 ET (07:44 GMT)
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