The UK economy grew by a better-than-expected 0.3% in January, figures from the Office for National Statistics showed today, but shares were down amid questions about the future of Silicon Valley Bank.
The improvement from December’s 0.5% decline was driven by 0.5% growth in the services sector, whereas the construction and manufacturing sectors both declined.
Meanwhile, the FTSE 100 index is more than 1% lower today as traders react to last night’s bank-led slump on Wall Street.
