“UK economy shows unexpected strength in July, dampening recession fears”
September 9, 2019
“Britain’s economy picked up more than expected in July, data showed on Monday, dampening fears that it will succumb to its first recession since the financial crisis…
Economic output in July alone was 0.3% higher than in June, the Office for National Statistics (ONS) said, marking the biggest rise since January and topping all forecasts in a Reuters poll…
The pound inched higher against the dollar on the figures, which showed the expansion was driven by the dominant services sector — although the ONS said the underlying picture showed its growth weakening through 2019…”