No improvement for GDP

26 August, 2011


This morning’s GDP revision was unchanged, at just 0.2% growth in the second quarter of 2011.

Sterling has not been affected hugely, fortunately for those of you looking to make a currency transfer from the UK, although the Pound continues to struggle in general. Barclays Capital are now predicting a Euro rate below 1.10 within 6 months for example.

The only exception at the moment seems to be the US Dollar, where rates for sending funds remain relatively strong. US GDP figures are released at 1.30 this afternoon.