(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)
