Finance
Sterling rises after data shows surprise growth in UK economy
Published by Global Banking & Finance Review®
Posted on February 13, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 13, 2025
1 min readLast updated: January 26, 2026
Sterling rose after UK economy grew by 0.1% in Q4, defying expectations of a contraction. The pound hit a weekly high against the dollar.
(Reuters) - Sterling jumped on Thursday after data showed the British economy unexpectedly grew in the final quarter of last year, offering some respite from an otherwise downbeat economic outlook.
The pound rose 0.57% to $1.25155 against the dollar, to its highest in over a week.
Britain's economy grew by 0.1% in the fourth quarter, figures from the Office for National Statistics showed.
Economists polled by Reuters had forecast that British gross domestic product would shrink by 0.1% in the period.
(Reporting by Greta Rosen Fondahn; Editing by Amanda Cooper)
Data showed that the British economy unexpectedly grew by 0.1% in the fourth quarter of last year.
The pound rose 0.57% to $1.25155 against the dollar, reaching its highest in over a week.
Economists had forecast that British gross domestic product would shrink by 0.1% in the same period.
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