GDP revised up

28 July, 2011


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.