(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
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)
