June interest rate cut most likely, City traders bet, as UK returns to growth

Susannah Streeter, head of money and markets, at Hargreaves Lansdown, said: “There is hope that with interest rate cuts eyed on a summer horizon, consumers and companies will continue to be more optimistic about the road ahead, and that the recession will be in the rear-view mirror. These figures are unlikely to be a game changer for Bank of England policymakers, with a June date now largely the earliest expected for an interest rate cut.”