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Analysts had widely expected the country to see growth of 0.2 per cent and the official statistics confirmed their projections.
Before the document was released, the pound was able to make gains of 0.4 per cent versus the greenback, but lost ground to the euro, reported Reuters.
Lena Komileva, currency strategist at Brown Brothers Harriman, told the news agency: "The euro's advance against the dollar due to the US debt negotiations have propelled sterling higher with it (against the dollar), but there are few reasons to buy the pound."
Responding to the UK GDP figures for the second quarter of the year, chancellor George Osborne highlighted how it is "positive news" that the country is continuing to grow and suggested the government's debt reduction strategy has played a part in achieving this stability.
Posted by Greg Secker
