given: $(X,d)$ is a compact metric space $T:X\to X$ is such that $d(T(x),T(y))<d(x,y)\ \forall x,y\in X$ with $x\neq y$.
Prove that T has a unique fixed point.
Attempt: I think I can prove Uniqueness:
Consider $T(x)=x$ and $T(y)=y,\ x\neq y$
Then, $d(x,y)=d(T(x),T(y))<d(x,y)$ (contradicting original condition).
However, I am having trouble executing the proof that the fixed point exists.
Hint: let $X_0 = X$ and $X_{i+1} = T(X_i)$. What can you say about $\bigcap_i X_i$?