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Sunday, October 27, 2013

U.K. Q3 GDP growth hits three-year high.

As expected, U.K. GDP grew at the fastest rate since 2010, increasing a preliminary 0.8% on quarter in Q3 vs 0.7% in Q2. The improvement was broad-based as agriculture, production, construction and services all expanded, with the latter sector now 0.6% above its pre-crisis peak. However, the U.K. economy is still 2.5% smaller than that level.

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