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Evening Standard

Business

City Staff

FTSE 100 Live: Blow for City as WE Soda cancels IPO; Fed rates call; FTSE closes at 7,602.74

GDP United Kingdom United States

A return to growth for the UK economy in April was today offset by caution in the recruitment sector after staffing firm Robert Walters warned on profits.

The latest figures from the Office for National Statistics showed UK GDP rose by 0.2% in the month, a performance in line with expectations after a decline in March.

Eyes will be on the US later this evening, when the Federal Reserve makes its latest interest rate decision. It is expected to pause its cycle of rate hikes, after inflation fell to 4% in May.

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