The pound moved sharply lower against all other major currencies on Friday after data showed U.K. economic growth slowed more than expected in the first quarter. Sterling fell to $1.3822 from $1.3915 late Thursday in New York. The pair touched an intraday low of $1.3803, hitting its lowest level since March 9, according to FactSet data. Against the euro , the pound dropped to €1.1442 from $1.1497 late Thursday. The losses came after the Office for National Statistics said gross domestic product in the U.K. expanded by 0.1% in the first quarter, marking the slowest level of growth since the fourth quarter of 2012. Economists had expected a reading of 0.3%. GDP grew 0.4% in the fourth quarter of 2017.
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