During the fourth quarter of 2018, British GDP experienced an acceleration of 0.04 p.p. in its year-over-year growth rate compared to the previous quarter, standing at a rate of 1.52%. As for the labor market, the unemployment rate decreased when compared to 3Q18, standing at 4%, while employment creation recorded a 1.38% y/y growth. The sterling pound registered a slight depreciation against the dollar and stood at an average exchange rate of 1.29 $/£. Lastly, inflation stood at 2.27%, 0.26 p.p. lower than the rate from the previous quarter.
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