After entering a shallow recession last year, Britain’s economy bounced back with a robust 0.6% growth in the first quarter of 2024, surpassing expectations. 

This positive momentum, coupled with renewed hopes for rate cuts by the U.S. Federal Reserve, has European markets ending the week on a high note.

The Bank of England’s decision to hold interest rates at a 16-year high reflects cautious optimism, with hints of potential cuts in the future.