Thu Lan Nguyen, analyst at Deutsche Bank, said recent UK data — with August GDP beating expectations for a fourth consecutive month — has increased market pricing for Bank of England tightening by creating scope for further rate rises and easing pressure on the UK chancellor ahead of the Oct. 28 budget. The chancellor remains committed to deficit reduction in that budget. Nguyen warned: "Given recent years' experience, the potential risks in the UK's fiscal plans should not be underestimated."