FTSE 100 Live: UK GDP up 0.2%, shares seen slightly higher after 1% surge yesterday
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The UK economy grew by 0.2%, indicating a potential exit from recession. The Gym Group reported revenues exceeding £200 million. Suren Thiru, Economics Director at ICAEW, believes the GDP reading strengthens the case for a summer rate cut. The FTSE 100 index is expected to open slightly higher after a 1% gain yesterday. The US Federal Reserve is expected to cut interest rates by June despite a 3.2% US inflation figure. Retail and housebuilding sectors contributed to the GDP growth in January. Jeremy Batstone-Carr, European strategist at Raymond James Investment Services, predicts a continued economic revival. The rise in UK GDP was in line with market expectations. The article also provides a recap of top stories from the previous day.

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https://www.standard.co.uk/business/ftse-100-live-13-march-uk-gdp-metro-bank-balfour-beatty-gym-group-results-b1144897.html