U.K. Q2 GDP declined 0.2%

The U.K.GDP decreased 0.2%, indicating the U.K. economy contraction for three quarters in a row, as double-deep recession intensifies. The BOE expanded its bond-purchase programme this month and implemented measures to prop up lending. The IMF said that the recovery halted, thus the government may require easing its budget cut in case the central bank's efforts do not revive the economy.