Following the shock news today that GDP fell by 0.4% between July and September, key figures from the finance industry give their views on what this means for the UK economy.
City Index market analyst Nick Serff says: "The forecast had been for a 0.2% quarter on quarter rise, but disappointed, coming in at -0.4%. Sterling took a hit on currency markets after the figure, dropping over 1% against the dollar after being up on the day. "Investors continue to hold onto their long positions across all the main indexes with some adding to positions on yesterday's dip below 5,200. With Microsoft reporting later this morning and UK GDP numbers disappointing, stock markets could be in for a volatile end to the week." Caxton FX senior analyst Duncan Higgins says Brit...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
