GDP<\/a> unexpectedly contracting in Q3 to -0.1% from 0.1% growth in Q2, raising concerns of a recession in the second half of the year.<\/p>\nInflation also cooled by more than expected to 2.9% YoY in October from 4.3% in September. Core inflation cooled to 4.2%.<\/p>\n
The pound is falling after data from the British Retail Consortium cooled to its lowest level since August 2022 and food inflation eased to 8.8% from 9.9%.<\/p>\n
The data could encourage the BoE to keep interest rates unchanged at 5.25% when they meet on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate falls for a fourth straight session, dropping to the lowest level since May. The euro is rising despite GDP unexpectedly contracting in Q3 to -0.1% from 0.1% growth in Q2, raising concerns of a recession in the second half of the year. Inflation also cooled by more than expected […]<\/p>\n","protected":false},"author":163946598,"featured_media":5408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":{"0":"post-115274","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-gbp","11":"tag-gbp-eur"},"acf":[],"yoast_head":"\n
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