The U.K. economy stagnated unexpectedly in February, but January's GDP figure was revised up to a 0.4% rise from 0.3% previously. Barclays expects the BOE will raise the bank rate by 25 basis points on May 11 following Thursday's data, says Khan. (miriam.mukuru@wsj.com)---UK's February GDP Print Presents Upsides to BOE's 1Q Forecast1018 GMT - U.K. GDP data presents upside risks to the Bank of England's first-quarter forecast, Barclays economist Abbas Khan says in a note. The U.K. cybersecurity company's shares look extremely cheap relative to peers and it has a very attractive growth and margin profile, he says. "February U.K. activity data has been flat and will have little bearing on the BOE's monetary policy thinking," he says.

Source: Wall Street Journal April 13, 2023 12:04 UTC