UK economy shrinks, testing BoE’s resolve on rates By Reuters – Canada Boosts
© Reuters. FILE PHOTO: Individuals store on Oxford Avenue in London, Britain April 10, 2023. REUTERS/Anna Gordon/File Photograph By William Schomberg and Andy Bruce LONDON (Reuters) -Britain’s economic system shrank in October, official knowledge confirmed on Wednesday, testing the Financial institution of England’s resolve to stay to its powerful line towards signalling cuts to rates…