Friday preview: US GDP in focus ahead of elections

With UK corporate announcements thin on the ground on Friday, US data will be closely watched by the markets, as all eyes turn to how the economic recovery is doing in the lead up to the presidential elections next month.

With UK corporate announcements thin on the ground on Friday, US data will be closely watched by the markets, as all eyes turn to how the economic recovery is doing in the lead up to the presidential elections next month.

The big one, the US gross domestic product report, will be released at 13:30 (London time) with the consensus of analysts expecting the economy to expand at an annualised rate of 1.9% in the third quarter, an acceleration from the 1.3% growth in the preceding three months.

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