The British economy had its worst quarter since 2009, the Office for National Statistics (ONS) reported.
The economy flatlined month-on-month in October, after two months of decline.
Services expanded by 0.2% from August-to-October, offsetting a 0.7% contraction in manufacturing and 0.3% in construction.
Reflecting a drop in manufacturing exports, Britain’s goods trade deficit widened to £14.5bn in October, up from £11.5bn in September.
The pound shrugged off the low growth, gaining both against the dollar and the Euro. The pound broke over €1.19 on Monday, for the first time since May 2017. The rally seems to respond to polling, which suggests the Conservatives have a strong lead, betting on an orderly exit which removes the risk of a cliff-edge exit.
Full article on New Europe
ONS data: UK trade: October 2019
ONS data: Index of Services, UK: October 2019
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