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UK Economy Grew 0.7 Percent in Second Quarter

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The UK economy grew by 0.7% in the second quarter of the year, official figures have confirmed.

Bright spots included the construction and industrial sectors, which expanded at their fastest pace for three years.

However, the pace of consumer spending was revised down, and business investment fell.

The Office for National Statistics (ONS) also revised up the growth rate for the first quarter of the year to 0.4% from 0.3%.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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