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    Home > Finance > Sterling edges lower after UK economy unexpectedly contracts in January
    Finance

    Sterling edges lower after UK economy unexpectedly contracts in January

    Published by Global Banking & Finance Review®

    Posted on March 14, 2025

    1 min read

    Last updated: January 24, 2026

    Sterling edges lower after UK economy unexpectedly contracts in January - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    The UK economy contracted by 0.1% in January, causing Sterling to fall 0.19% against the dollar. Economists had predicted a slight growth.

    Sterling Falls as UK Economy Contracts in January

    (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)

    Key Takeaways

    • •UK economy contracted by 0.1% in January.
    • •Sterling fell 0.19% against the dollar.
    • •Economists had expected a 0.1% growth.
    • •British pound remains slightly higher for the week.
    • •Data contrasts with Reuters poll forecasts.

    Frequently Asked Questions about Sterling edges lower after UK economy unexpectedly contracts in January

    1What is the main topic?

    The article discusses the unexpected contraction of the UK economy in January and its impact on the Sterling.

    2How did the Sterling perform?

    Sterling fell 0.19% against the dollar following the economic contraction.

    3What were the economists' expectations?

    Economists had forecasted a 0.1% growth in the UK's economic output for January.

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