Economy stutters out of recession

28 July, 2011


This morning’s Q4 GDP figures showed that the UK has finally emerged from recession – months after most other major economies – but only just.

The first estimate for the fourth quarter of 2009 showed a miserly 0.1% growth in the UK economy, against analysts’ expectations of 0.4%.

The very disappointing figure has led to losses of over 1c against the Euro, US Dollar and similar drops for the Pound against most other currencies. Losses may continue after the Pound’s recent fragile gains – contact Currency Index if you need to send or receive any currency.