$BTC Jin Ten Data Report, HSBC pointed out in its report that although the UK's economic growth of 0.7% in the first quarter exceeded expectations, it may face a downturn in the future due to global uncertainties. One-off investments have driven strong investment, but trade in the second quarter may decline due to export backlogs.

In addition, rising hydroelectric power costs and increased labor costs for businesses caused by higher payroll taxes and minimum wage adjustments will also impact the economy. Nevertheless, economic growth in the first quarter remains solid, with inflation decreasing and the labor market remaining resilient. The Bank of England expects economic growth of 0.6%, which will support its 'cautious and gradual' interest rate cut strategy.