UK GDP stood at 0.3 percent month-on-month in January, which was ahead of consensus expectations of 0.1 percent.
This is also an improvement on the 0.5 percent fall recorded in December 2022.
January’s reading has led to some economists taking a more optimistic view of the UK economy.
Jonathan Moyes, head of investment research at Wealth Club, said that while it may take more expectation beating data to fully improve the outlook, “a quiet, more optimist...