Euro sign not displaying html: FTSE CLOSE: Pound hits fresh lows as UK economy shrinks

‘This marks the first time in over 6 years that we’ve had a quarterly contraction in economic activity and given the growing threat of a no-deal Brexit that looms menacingly overhead, it would not be at all surprising if the current quarter also shows a contraction – therefore meeting the standard definition of a recession with consecutive drops in quarterly GDP.’ 

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