A rise in industrial production of just 0.1% in February leads analysts to predict a 0.4% rise in GDP in the first quarter of 2015
A sharp fall in North Sea oil production in February hit the UK’s industrial production output and drove down the pound on foreign exchange markets.
Sterling fell to a five-year low against the dollar as analysts predicted a sharp slowdown in the British economy in the first quarter to 0.4%.
Related: Pound dips to five-year low after weak UK industrial production data – business live