The UK economy has experienced a bad patch since 2012 and it has grown at its slowest rate from 2012. There will be an interest rate cut from the Bank of England (BoE).
The UK GDP took a growth at 0.6% in 12 months to November and took a down turn from 1% in October. This represented the slowest annual growth rate fore above seven years. The figures those are taken out after the Monetary Policy Committee member Gertjan Vlieg said that he would need to see the important enhancement in the UK data to justify the waiting period longer. The pressure on BOE increases as the inflation is lower for three years.