In the second quarter of 2019, UK GDP slowed by 0.76 percentage points year-on-year to 1.31%. As for the labor market, the unemployment rate remained constant with respect to 1Q19, registering 3.83%, while the year-on-year growth rate of employment accelerated to 1.31%. The pound sterling depreciated slightly against the dollar and stood at an average exchange rate of 1.29 $/£. Finally, inflation was 2.03%, 0.17 percentage points higher than in the previous quarter.
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