UK’s GDP grew at a decreasing rate in May, 2019

Media IN London 10th-07-2019

The UK economy grew at a lethargic pace in the three-month period ended last May, for the second time, the UK’s Office for National Statistics (ONS) said on Wednesday.

The UK gross domestic product (GDP) grew by 0.3% in the period between March and May, with the latest growth were seen at 0.5% in the period between January and March.

 However, the UK economy picked up on a monthly basis last May, with the GDP rising by 0.3%, compared with a drop of 0.4% in April.

By 8:38 am GMT, the GBP/USD ticked up by 0.03% to $1.2469, while the EUR/GBP pair edged up by 0.11% to GBP 0.9001.