UK October monthly GDP -0.3% vs 0.0% m/m expected ...Middle East

Prior +0.2%GDP +0.3% vs +0.6% y/y expectedPrior +1.3%Services output -0.2% vs 0.0% m/m expectedPrior +0.2%Industrial output -0.8% vs -0.1% m/m expectedPrior 0.0%Manufacturing output -1.1% vs 0.0% m/m expectedPrior +0.1%Construction output -0.5% vs -0.2% m/m expectedPrior +0.4%That's a rough report as all sectors suffered a decline in October, contributing to negative growth in the UK economy. When measuring their weights, services contributed -0.15% while production contributed -0.10% and construction -0.03%. The pound is weighed lower as such with GBP/USD down from 1.2550 to 1.2525 currently. This article was written by Justin Low at www.forexlive.com.

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