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

<ul><li>Prior +0.2%</li><li>GDP +0.3% vs +0.6% y/y expected</li><li>Prior +1.3%</li><li>Services output -0.2% vs 0.0% m/m expected</li><li>Prior +0.2%</li><li>Industrial output -0.8% vs -0.1% m/m expected</li><li>Prior 0.0%</li><li>Manufacturing output -1.1% vs 0.0% m/m expected</li><li>Prior +0.1%</li><li>Construction output -0.5% vs -0.2% m/m expected</li><li>Prior +0.4%</li></ul><p>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.</p>

This article was written by Justin Low at www.forexlive.com.