Figures from the UK's Office for National Statistics showed that the British economy failed to achieve any growth in the three months to September. UK GDP grew by 0.1 percent. However, the final data showed GDP growth of zero percent compared to the previous quarter. The pound fell slightly against the US dollar, trading at around $1.2566. The figures deal another economic blow to Britain after a series of weak data raised questions about the fiscal strategy of the newly elected Labor government.
Data from the Office for National Statistics showed the UK economy unexpectedly contracted by 0.1 percent in October. It was the second consecutive monthly decline in the country's GDP, following a 0.1 percent decline in September.
Source (Al-Khaleej Emirati Newspaper, Edited)
