This data has convinced me that the UK will not raise interest rates this year.
UK Gross Domestic Product Preliminary Estimate, Q4 2014
•Change in gross domestic product (GDP) is the main indicator of economic growth. GDP is estimated to have increased by 0.5% in Q4 2014 compared with growth of 0.7% in Q3 2014. •Output increased in two of the four main industrial groupings within the economy in Q4 2014. In order of their contribution, output increased by 0.8% in services and 1.3% in agriculture. In contrast, output decreased by 1.8% in construction and 0.1% in production. •GDP was 2.7% higher in Q4 2014 compared with the same quarter a year ago. GDP in 2014 as a whole was up 2.6% on 2013. •In Q4 2014 GDP was estimated to have been 3.4% higher ... (full story)