Published by Global Banking & Finance Review®
Posted on March 14, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleThe UK economy contracted by 0.1% in January, causing Sterling to fall 0.19% against the dollar. Economists had predicted a slight growth.
(Reuters) - Sterling lost some ground against the dollar on Friday after data showed British economic output contracted unexpectedly in January compared with December.
The British pound was last down 0.19% on the day at $1.2929, though remains slightly higher on the week.
British gross domestic product contracted by 0.1% in January versus December. A Reuters poll of economists had forecast a monthly expansion of 0.1%.
(Reporting by Yadarisa Shabong in Bengaluru, editing by Alun John)
The article discusses the unexpected contraction of the UK economy in January and its impact on the Sterling.
Sterling fell 0.19% against the dollar following the economic contraction.
Economists had forecasted a 0.1% growth in the UK's economic output for January.
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