March 14, 2025 – Written by Tim Boyer
STORY LINK Pound Falls Against Euro and Dollar as UK GDP Data Undermines Sterling
Weaker-than-expected GDP data undermined Pound confidence on Friday. Equity markets were stronger on the day, but Sterling still posted net losses.
The Pound to Dollar (GBP/USD) exchange rate retreated to 1.2930 from 1.2950 with the Pound to Euro (GBP/EUR) exchange rate dipping to just below 1.1900 from 1.1935.
The ONS reported that UK GDP contracted 0.1% for January after 0.4% growth for December…
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