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UK Q3 GDP Preview: GDP set to triple the first quarter, but the £100K prize is offered to kick-start the economy

From fxstreet.com

The third-quarter UK Gross Domestic Product (GDP) growth rate is expected to see the first quarter’s rate triple while rising 0.6% over the quarter, the Office for National Statistics is scheduled to report on Friday, November 9 at 9:30 GMT. When compared to a year ago, the UK Q3 GDP is expected to increase by 1.5%, up from 1.2% growth rate in the first half of this year. The acceleration of the UK GDP growth rate is expected to be driven by consumption and net trade as business investment and manufacturing slowdown are depressed by Brexit uncertainty. While the broad-based growth is settling in, the UK economy still ... (full story)

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  • Category: Fundamental Analysis