Investing.com - The U.K. economy grew in line with expectations in the second quarter of 2013, preliminary data showed on Thursday.
The Office for National Statistics said gross domestic product expanded at a seasonally adjusted annual rate of 1.4% in the three months to June, in line with expectations. The economy grew by 0.3% year-on-year in the first quarter.
The ONS said the U.K. economy expanded 0.6% in the second quarter, in line with expectations after a 0.3% expansion in the first quarter.
Following the release of that data, the pound was higher against the dollar, with GBP/USD rising 0.18% to hit 1.5336.
Meanwhile, European stock markets were broadly lower. London’s FTSE 100 was down 0.28%, the EURO STOXX 50 shed 0.26%, France’s CAC 40 was 0.10% lower and Germany's DAX down 0.42%.
The Office for National Statistics said gross domestic product expanded at a seasonally adjusted annual rate of 1.4% in the three months to June, in line with expectations. The economy grew by 0.3% year-on-year in the first quarter.
The ONS said the U.K. economy expanded 0.6% in the second quarter, in line with expectations after a 0.3% expansion in the first quarter.
Following the release of that data, the pound was higher against the dollar, with GBP/USD rising 0.18% to hit 1.5336.
Meanwhile, European stock markets were broadly lower. London’s FTSE 100 was down 0.28%, the EURO STOXX 50 shed 0.26%, France’s CAC 40 was 0.10% lower and Germany's DAX down 0.42%.