During the first quarter of 2018, the British GDP experienced a deceleration of 0.22 p.p. in its year-over-year growth rate compared to the previous quarter, standing at a rate of 1.20%. As for the labor market, the unemployment rate decreased when compared to 4Q17, standing at 4.20%, while the employment recorded a 1.43% y/y growth. The pound sterling registered a slight appreciation against the dollar and stood at 1.39 $/£. Lastly, inflation stood at 2.73%, lower than in the previous quarter.
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