Market awaits GDP figures tomorrow

28 July, 2011


Friday at 9.30am sees the revision to the fourth quarter GDP figures, which showed on first estimate last month that the UK had crept out of recession.

As other economies around the world seem to be emerging in a better position than the UK, it will be interesting to see if there is an upward revision to the paltry growth figures announced in January.

If you are sending money overseas or making transfers back to sterling from another currency, you should check tomorrow morning to see what the effect has been on the Pound. Any downward revision is likely to hurt sterling badly, and given recent economic events it may be expensive to rely on a positive outcome.

Speak to an FSA-regulated currency company today if you are concerned about the effects on your own transaction.