UK Seeing No Post-Brexit Slowdown

Britain’s economy grew more strongly than expected in the third quarter, showing no sign of any slowdown from June’s Brexit vote, but the country’s current account deficit rose back towards record levels.

The economy expanded 0.6 percent in the three months to September, the Office for National Statistics said on Friday, revised up from an earlier reading of 0.5 percent that economists had expected to remain unchanged.

But growth was revised down by 0.1 percentage points in the first and second quarters of the year to 0.3 and 0.6 percent respectively.

Reuters

XAU/USD – Gold Steady, Shrugs Off Mixed US Numbers

European Stocks Flat in Light Trade

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.