Investing.com – The U.K.’s economy grew in-line with expectations in the second quarter of 2010, official data showed on Tuesday.
In a report, the U.K.’s National Statistics Office said the country’s gross domestic product grew in-line with expectations by a seasonally adjusted 1.2% in the second quarter, unchanged from a previous estimate of 1.2%.
The report also showed that year-on-year, annualized seasonally adjusted GDP rose in-line with expectations by 1.7% in the second quarter, unchanged from a previous estimate of 1.7%.
According to the data, the GDP implied deflator rose by 4.1% in the second quarter, up from 2.9% in the previous quarter.
Following the release, the pound was down against its U.S. counterpart, with GBP/USD shedding 0.04% to hit 1.5822.
In a report, the U.K.’s National Statistics Office said the country’s gross domestic product grew in-line with expectations by a seasonally adjusted 1.2% in the second quarter, unchanged from a previous estimate of 1.2%.
The report also showed that year-on-year, annualized seasonally adjusted GDP rose in-line with expectations by 1.7% in the second quarter, unchanged from a previous estimate of 1.7%.
According to the data, the GDP implied deflator rose by 4.1% in the second quarter, up from 2.9% in the previous quarter.
Following the release, the pound was down against its U.S. counterpart, with GBP/USD shedding 0.04% to hit 1.5822.