GDP as expected

28 July, 2011


This morning’s final revision to UK Q1 GDP showed ‘no change’ to the previous reading of 0.5% growth in the 3 months to March. Those of you following exchange rates for sending money abroad will have been hoping for better news to turn around the Pound’s recent decline. With house price and mortgage data still to come this week, further losses could be on the cards unless there is some (unlikely) positive news.