The U.K.'s economy unexpectedly shrunk in Q4, as inclement weather took a heavy toll on the...

|By:, SA News Editor

The U.K.'s economy unexpectedly shrunk in Q4, as inclement weather took a heavy toll on the construction and services sectors. GDP pulled back 0.5% Q/Q, the first fall in GDP since Q3 2009. Economists had expected a 0.4% increase on a quarterly basis. GBP -1.3% vs. USD.