UK GDP Growth Rate YoY Prel (Q1) Y/Y 1.1% vs. Exp. 0.8% (Prev. 1%, Low. 0.6%, High. 0.7%)

The preliminary UK GDP growth rate for Q1 came in at 1.1%, outperforming expectations of 0.8% and slightly above the previous reading of 1%. This stronger-than-expected growth signal suggests resilience in the UK economy, which could have implications for monetary policy as it may prompt the Bank of England to reconsider interest rate trajectories moving forward.