Some on the monetary policy committee at the Bank of England are likely to press for increases,but the recovery remains weakGeorge Osborne has repeatedly promised to fix the roof while the sun is shining, and after official figures final week showed GDP growth picking up sharply in the second quarter, or it seemed that the clouds maintain finally lifted.
With the Bank of Englands policymakers due to meet on Thursday,the news that the slowdown in the first quarter was just a blip sent traders scrambling to price in an interest rate rise in the coming months.
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Source: theguardian.com