UK Expands Slower Than Expected From Bank Holiday Slump

The video discusses the UK's economic output changes, highlighting a 0.2% increase in July as a technical recovery from a 0.6% decline in June, affected by the Queen's Jubilee bank holiday. It also addresses the national mood following the Queen's passing and warns of a potential technical recession, as noted by Deutsche Bank and Nomura. Upcoming economic data, including jobs figures, inflation, and retail sales, are expected to show continued economic challenges, with Bloomberg predicting a 0.5% interest rate hike by the Bank of England in September.

What economic data is expected to be released this week?

What does Bloomberg economics predict regarding the BOE in September?