The yield on 10-year UK government bonds held just above 5.2%, recovering from lows not seen in more than two months, as investors assessed strong UK economic data. Oil prices also stabilized, with Brent crude regaining some ground following sharp declines in recent sessions. Data from the ONS showed that the UK economy expanded by 0.7% in the third quarter, accelerating from 0.5% growth in the previous quarter and matching market expectations. On an annual basis, growth accelerated to 1.9% from 1.4%, also in line with forecasts, while monthly GDP rose by 0.2% in September, exceeding expectations. The resilient data strengthened expectations of further Bank of England tightening, with markets pricing in another rate hike before year-end and a further increase by March. In the US, stronger-than-expected inflation and hawkish Fed commentary reinforced expectations of a December rate hike, while raising the possibility of a more aggressive 50-basis-point increase.