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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: UK GDP down by 0.1% as sterling tops $1.30, shares climb

Shares in the housebuilding sector fell again today after Barratt Developments revealed a drop in its average sale price.

The update amid the impact of higher mortgage costs came as it emerged that the UK GDP declined 0.1% during May.

Sterling still rose above $1.30 for the first time since April 2022, however, as the dollar continues to weaken on expectations of an imminent pause in US rate hikes.

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