GDP provides rare good news for the UK

Chris Beauchamp, Chief Market Analyst at IG:  “It’s not often that we get such good news on the economy, but today’s GDP figures have done just that. Bets have been trimmed on further BoE easing, but the dovish bias remains. Is it too much to hope that the UK economy is about to enter a goldilocks period for data? The news is welcome for the government but also for the FTSE 250, which has lagged behind its counterpart the FTSE 100; more such UK figures could provide the rationale for further inflows into the index and its companies, helping it to play catch-up.”