Sterling slides after GDP data dashes rate hike expectations

Sterling tumbled to a two-month low against the dollar on Friday after Britain's economy slowed far more than expected in the first quarter of 2018, slashing expectations the Bank of England will raise interest rates in May.The poundfell as low as $1.3748 against the dollar, weaker by more than one percent, after data showed Britain's economy grew at its weakest pace since the fourth quarter of 2012.The scale of the economic slowdown may unsettle the Bank of England, which meets next week to con