Market News
Sterling dips after data shows slower UK economic growth - REUTERS
LONDON, Jan 16 (Reuters) - The pound fell on Thursday after data showed the British economy grew more slowly than expected in November, which could give the Bank of England more room to cut interest rates this year.
The Office for National Statistics said gross domestic product expanded by 0.1% in November, following October's 0.1% drop, and below forecasts in a Reuters poll of analysts for a rise of 0.2%.
The pound edged lower following the data to trade down 0.31% on the day at $1.2207, compared with around $1.222 right before the data.
