Preliminary figures from the United Kingdom’s National Statistics Office (ONS) showed that the UK’s gross domestic product (GDP) fell in September by 0.6%, compared to a decline of about 0.1% in the revised August reading of 0.3%, while expectations were for a decline of 0.4%, and the economy recorded a decline in Growth of 0.2% in the three months ending in September compared to the second quarter.

The decline in growth came after the services sector declined by 0.8% in September after a growth of 0.1% in August, while the biggest contribution to the decline came from a 3.25% drop in information and communication activity and a 2% decrease in the wholesale and retail trade sector.

On the other hand, production recorded a growth of 0.2% in September after declining by 1.4% in August, and the construction sector recorded a growth of 0.4%.

The British pound, in turn, recorded a decline this morning, Friday, from its highest level in two months, and is trading at 1.1716 levels.