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UK economy grew by 0.7 percent in second quarter

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By Euronews
UK economy grew by 0.7 percent in second quarter

<p>In the UK economic growth remained steady at 0.7 percent for the second quarter according to official figures. </p> <p>Analysts had been <a href="http://www.westernmorningnews.co.uk/UK-economic-growth-rate-unchanged-second-quarter/story-27694595-detail/story.html">expecting such a level</a>. </p> <p>The rate was higher than the 0.4 percent registered in first quarter and was helped by a one percent boost in in <span class="caps">GDP</span> as exports jumped, representing the biggest contribution by trade in four years. </p> <p>That might not last though because the continuing strength of the pound is making British goods more expensive abroad. </p> <p>Business investment rose 2.9% compared with the first three months of 2015, reflecting greater confidence in the UK economy.</p>