According to the Office for National Statistics in the second quarter the gross domestic product declined by an adjusted 0.7%, against the expectations around 0.2% in the U.K.The economy contracted three times in a row for the quarterly report, what is the longest double-dip recession in the history in this kind of measurement. After the release of that data, the pound turned lower against the U.S. dollar, with GBP/USD falling 0.11% to trade at 1.5490.
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