UK economy's disappointing November growth fuels the case for Bank of England rate cut

The U.K. economy grew by 0.1% in November, falling short of expectations and fueling speculation of an impending interest rate cut by the Bank of England in February. The slight growth was driven by the services sector, marking the first sign of economic activity after three months of stagnation. Despite resilient wage growth and inflationary pressures, economists predict a rate cut to 4.50% next month based on the lackluster GDP data.

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