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Evening Standard

Business

Graeme Evans

FTSE 100 Live 12 December: GDP reverse fuels rate cut bets, Card Factory slides

Card Factory GDP Graeme Evans United Kingdom Economy Fresnillo HSBC The Bank of England United States Ashtead

FTSE 100 Live - (Evening Standard)

The UK economy declined by 0.1% for a second successive month in October, figures today showed.

The latest GDP contraction in the month leading up to Chancellor Rachel Reeves’ Budget will fuel expectations of an interest rate cut next week.

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