# Sterling falls after shock contraction in UK GDP

> The pound fell after UK data showed the economy contracted 0.1% in October, against a forecast of 0.1% growth. The miss raised expectations of faster Bank of England rate cuts in 2025.

- Date: 2025-01-01 · published 2025-01-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/27202-sterling-falls-after-shock-contraction-in-uk-gdp
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weaker UK growth and faster expected easing push sterling lower, a macro currency move with limited direct effect on feed grain or meal prices.

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/sterling-falls-after-uk-gdp-unexpectedly-contracts-october-2024-12-13/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.