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The UK's economy shrank in October, sending ripples of concern through markets

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James Eagle
Dec 15, 2023
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In a surprising turn, the UK economy contracted in October, sending ripples of concern through markets wary of the impact of steep borrowing costs. The Office for National Statistics reported a 0.3% GDP decrease, while expectations were for a modest 0.2% increase from the previous month.

None of this is that surprising though, expectations or otherwise. …

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