UK's return to growth piles rate rise pressure on BoE

The UK economy enjoyed a strong month in May, growing by 0.5%, after -0.2% in April (revised up from -0.3%) and 0.1% growth in March (revised up from -0.1%). The latest reading of the health of the economy beat consensus expectations of no growth. It should raise pressure on the Bank of England (BoE) to raise interest rates faster to combat heightened inflation.