The UK economy with the weakest growth in five years

The first quarter was extremely negative for the British economy. Throughout it, it has seen its slightest rise in five years, data showed on Monday.
This led to strong fall for the pound against all major currencies.
The UK economy has risen by 0.1%, or at least since the fourth quarter of 2012. The result was well below the average expectations of growth.
The slowdown in construction costs was to a large extent the basis of poor performance. The unconditionally low temperatures and snow in the country since last month have largely contributed to this.
Our initial forecasts for the British economy show that Britain's economy has been rising at its weakest pace in over five years, with a weaker presence in the industry, said Rob Kent-Smith, official government official. And while the snow was partly responsible for this, especially in the construction sector, it was partially offset by increased electricity and online sales, the expert added.
The pound fell sharply against the dollar, losing 0.8 percent of its value to $1.3805 on Monday, or its lowest value since March 9. Investors raised their bets that the British Central Bank would not be able to raise interest rates soon.