British final GDP contracted by 0.4% in Q2

The U.K.'s Office for National Statistics reported on Thursday that British GDP decreased in the second quarter less than it was initially estimated. U.K.'s GDP lost 0.4% on a seasonally adjusted basis, whereas initial forecast was that it declined by 0.5%. Despite the data, showing modest recovery, it is still widely expected that the central bank will continue its quantitative easing.