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Evening Standard

Business

City Staff

FTSE 100 Live: 'Rate cuts could come sooner' as GDP falls by 0.3%, blue-chip shares higher

GDP Recession United Kingdom

A surprise 0.3% decline in GDP for October today fuelled the UK’s winter recession fears and appeared to push interest rate cuts a little closer on the horizon.

The disappointing update comes ahead of tonight’s US Federal Reserve policy announcement and those by the Bank of England and European Central Bank tomorrow.

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