Showing articles for May 2010

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GDP figures as expected

25 May 2010
UK GDP figures released this morning show a 0.3% growth in the UK economy, for the first quarter of 2010 compared to 2009.

The figures were exactly as expected by analysts, so there has been little effect on the Pound. Exchange rates for buying Euros remain at around the best levels since last summer.

UK Trade Balance worsens

14 May 2010
Yesterday's UK trade balance figures have hurt the Pound, as data showed a £3.6bn defecit for March, against analysts' expectations of £2.4bn.

Sterling remains vulnerable to further losses as the dust settles after the election and the new government faces up to the economic challenges ahead. There is no major data due out in the UK today.
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