According to Jinshi.com, Capital Economics economist Ashley Webb pointed out in a report that the UK economy grew by 0.2% month-on-month in August, after three of the previous four months without economic growth, which will ease concerns about a sharp slowdown in the UK economy.

Manufacturing output rebounded 1.1%, reversing most of a 1.2% drop in July, while services output rose 0.1%.

Webb said the economy had just returned to a more normal pace of growth after growing 0.7% in the first quarter and 0.5% in the second quarter, so the Bank of England should cut interest rates slowly in the coming months.