- Prior +0.5%; revised to +0.4%
- GDP +0.9% vs +1.0% y/y prelim
- Prior +0.7%
The negative revision means that the UK economy stagnated in Q3, with economic conditions stuttering in the second half of the year. The pressure is starting to build for the BOE, even as price pressures haven’t quite come down as quickly as they are hoping for.
This article was written by Justin Low at www.forexlive.com.
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