Economics
U.K. Economy Rebounds But Services End Quarter on a Weak Note
- GDP grows 0.4% in second quarter after snow hit start of year
- But pound stays lower as services lose momentum in June
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The U.K. economy bounced back from its turgid start to the year in the second quarter but the dominant services sector lost momentum toward the end of the period.
Gross domestic product increased 0.4 percent between April and June, in line with the median forecast in a Bloomberg survey, figures from the Office for National Statistics Friday showed.