Showing articles for March 2010

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GDP revised up

30 March 2010
CurrencyIndex
The final revision to Q4 GDP in the UK has been released - and shows a slight improvement on last month's estimate.

For 2009, the economy shrank by 3.1%, compared to the previous estimate of 3.3%.

The Pound has taken some strength from the news, which also confirmed the UK exited recession at the end of 2009. Exchange rates for sending money abroad have improved across the board this morning.

Budget holds no surprises

25 March 2010
CurrencyIndex
Yesterday's budget has had very little impact on exchange rates, given Alistair Darling's cautious approach and the lack of any real economic change.

This morning we saw UK retail sales figures come out slightly better than expected, which has boosted the Pound somewhat. Exchange rates for sending money abroad are generally better than earlier in the week, with no major UK data due out before the weekend.

Public borrowing not as bad as expected

18 March 2010
CurrencyIndex
Public borrowing for February came in at £12.4bn - not as bad as economists had predicted (£14bn) and after yesterday's unemployment figures were also better than expected, the Pound has gained some strength from the first positive signs in the economy for some time.

With no major data out in the UK tomorrow, there may be an opportunity to secure better exchange rates over the next 24hrs for any payments you need to send abroad.
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