Usd to euro conversion rate by date: Pound Sterling Live: GDP Numbers Aid Shallow Recovery

“Making sense of the UK growth data is not straightforward at the moment. The economy rebounded by 0.3% during May, albeit this was predominantly driven by production,” says James Smith, Developed Markets Economist with ING Bank . “Overall second quarter growth will come in flat, or possibly slightly negative. With the growth story unlikely to improve dramatically in the third quarter, we think the Bank of England is likely to keep policy on hold this year.”

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