The pound has lost ground against other currencies following the release of GDP figures showing the UK economy grew just 0.1% in the last quarter.
Despite figures confirming the UK officially exited recession after six quarters of negative growth, the rate of growth was worse than expected and the pound dropped 0.6% against the dollar to $1.614 and slipped to 1.146 euros.
GDP figures released from the Office for National Statistics have historically been subject to revision.
Meanwhile, the International Monetary Fund has raised its growth projection for the world economy this year from 3.1% to 3.9%.
Smoking biggest culprit; obesity second
Average earner will gain £840 in 2018
Will also move heritage items
Responding to letter from Treasury Committee chair Nicky Morgan