Rolling coverage of the latest economic and financial news, including October’s UK GDP growth report
- Economists predict growth of 0.1% in October
- But the last quarter could be flat
The London stock market has started the day on the wrong foot, as investors await October’s UK GDP report.
The blue-chip FTSE 100 index has shed 65 points, or 0.85%, in early trading to 7,173 – back towards last week’s two-month lows.
With the UK’s future as murky as the clouds blanketing the country, people appear to be delaying their Christmas preparations.
“Amid the uncertainty of a (Dec. 12) general election, a lacklustre Black Friday and a wet autumn, shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.”