UK Economy Rebounds Slightly in August but High Inflation Persists

UK GDP rose 0.2% in August, reversing July's contraction of -0.6%

Services sector grew 0.4% but production and construction contracted

Inflation remains high in UK compared to other developed economies

Bank of England monitoring wage growth and job market ahead of rate decisions

GBP/USD lifted off recent lows on dollar weakness, finding support above 1.2000