UK Economic Growth Revised Higher, but Bank of England Warns of Rising Risks

The UK economy's growth in the second quarter of the year was revised up to 0.5% from an initial estimate of 0.4%. Despite this positive revision, the Bank of England has warned that risks facing the UK economy have increased since July. Meanwhile, UK gilts rallied following the unexpected growth figures, and the FTSE 100 experienced its worst month since March.