EconomyMarket Talk: UK economic data ‘all pointing in different directions’

The UK economy is expected to have expanded 1.1% from a year earlier when second-quarter figures are released this week. Economist Hetal Mehta told Reuters that the outlook remains finely balanced. The mixed signals are making it difficult to anticipate the Bank of England’s next move. Markets are therefore watching the data closely for clues about the economy and monetary policy.