British coronation set to provide latest drag on its economy     

Deutsche Bank predicts extra bank holiday will trim 0.5% from British GDP in May.

The extra bank holiday for King Charles III’s coronation is set to drag down what otherwise may be gathering momentum in the British economy.

Forecasters warned the additional day off on May 8 would help trigger a 0.7% slide in GDP in May and could tip the economy into a minor contraction in the second quarter.