London stocks drop as economy shrinks at record pace in March
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(Reuters) - UK stocks fell on Wednesday after data showed the economy contracted in March at a pace never seen before as the coronavirus crisis escalated, while analysts warned of more pain ahead. The blue-chip FTSE 100 shed 1.5%, snapping a five-day winning streak and wiping out most of the gains it made this month on hopes that an easing in restrictions would revive business activity.Britain's economy shrank by a record 5.8% in March, while first-quarter GDP contracted by 2%, with figures..