BoE's George 'Surprised' By Weak 1Q GDP Data

UK - Bank of England Governor Eddie George said Tuesday that he was caught off guard by the weakness of U.K. output during the first quarter of this year.

ARTICLE - "I was surprised by the weak performance in the first-quarter figures because demand indicators such as foreign trade and domestic demand had been strong," George said in a testimony in front of a committee from the House of Lords, the U.K. parliament's upper house.

George assumed that either output data, which were released Friday,

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