The British economy widened its expansion pace in the second quarter, buoyed by progress in the services sector.
U.K. economy grew 0.7 percent from April to June, matching analysts’ forecasts, after expanding 0.4 percent in the first quarter.
Now, Britain has expanded for a tenth straight quarter, the longest stretch of consecutive growth since falling into recession in 2008.
The services sector accounted for 0.5 percentage point of the growth, while oil and gas boosted industrial output by 1 percent during the second quarter.
The year on year reading came in at 2.8 percent, noting that the strength of the sterling and turmoil in the eurozone weighed on exports.
As of 09:00 GMT, the pound erased its earlier losses against the U.S. dollar to rebound from a low of 1.5526 to 1.5586.