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UK gross domestic product under microscope on Friday

Gross domestic product data for October will be the focus on Friday, after the economy unexpectedly contracted by 0.1% in September.

According to Trading Economics, forecasts are for growth of 0.2% over the month, reflecting a 1.6% uptick on an annual basis.

“We expect services activity to inch higher in October - but only just,” Deutsche Bank said, “and we see some modest gains in industrial production and construction output”.

Announcements due:

AGMs: Crystal Amber Fund Ltd, Gcm Resources PLC, Grit Real Estate Income Group Ltd, Kromek Group PLC, Nanoco Group PLC, Atrato Onsite Energy PLC

Economic announcements: Gross Domestic Product (UK), Consumer confidence (UK)