UK Economy Slows in Q2 as Pound Falters Against Dollar

The UK's economy showed signs of slowing down in Q2 2026, according to data released by the Office for National Statistics. The Gross Domestic Product (GDP) growth rate decelerated from 0.6% in Q1 to 0.4% in Q2 2026, matching analysts' expectations.

Gross fixed capital formation increased by 1.2%, while household consumption advanced by 0.3%. Conversely, government consumption contracted by 0.3%

On an annual basis, the GDP growth rate eased from 1.2% to 1.1%

The British pound fell marginally by 0.05% against the US dollar to trade near $1.3486