The British pound weakened against most major currencies in the European session on Friday, after U.K. economy logged an unexpected contraction at the start of the year on a sharp fall in production.
Data from the Office for National Statistics showed that the U.K. Gross domestic product shrank 0.1 percent on a monthly basis in January, following a growth of 0.4 percent in December. GDP was expected to grow 0.1 percent.
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