The UK economy unexpectedly shrunk for the first time in 7 years — and the pound is getting clobbered

Business Insider


· *The UK economy contracted for the first time since 2012, as GDP slid 0.2% between April and June.*
· *The Office for National Statistics said a fall in construction and manufacturing output was to blame. *
· *The pound fell 0.4% against the dollar to below $1.21, adding to its 4.5% fall over July and August. *
· *View...

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