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UK Economy Contracts For First Time Since 1992

posted by MarcB 74 days ago in EUR, GBP, Daily made popular 71 days ago

Friday, the pound slumped to a new record low against the euro after a report showed that the UK economy contracted for the first time since 1992 in the third quarter. The third quarter GDP also dropped more than economists expected. The pound also slumped to a 6-year low against the dollar and a 13-year low against the yen and the franc.
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