During the second quarter of 2017, UK economy experienced a deceleration to a y/y growth rate of 1.90%, which represents a 0.18 p.p. decrease over the rate of the previous quarter. This performance was driven by the lower growth of household consumption and gross fixed capital formation. The unemployment rate decreased by 0.23 p.p. from the previous quarter, standing at 4.40%, while the employment y/y growth rate slightly decreased by 0.02 p.p. in this quarter when compared to 1Q17 to a 1.09% growth rate. The sterling pound registered a depreciation against the dollar in the second quarter of the year, reaching an exchange rate of 1.16 $/£. Lastly, inflation rose to 2.73% in 2Q17.
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