The Confederation of British Industry (CBI) data showed that UK's economic growth strengthened in the second quarter. Britain's economy expanded by 0.7% in the second quarter after a 0.4% increase in the first quarter.

"A healthy pace of growth puts the economy on a firm footing going into the third quarter and it looks set to stay that way through the rest of this year, as low oil prices and inflation help support spending," head of economic analysis at the CBI, Anna Leach, said.

Britain's exporters faces problems due to the stronger pound, Leach added.