Currency Exchange Rates: Sterling rallies on GDP figures
26 Jul 2011 at 11 AM - Written by John Cameron
The Pound Euro exchange rate (GBP EUR) is 1.1330. The Pound Dollar exchange rate (GBP USD) is 1.6440. The Pound NZ Dollar exchange rate (GBP NZD) is 1.8781.
Pound Sterling has rallied on the news of the GDP growth figures released this morning.
The Office for National Statistics announced that Britain's GDP product grew by 0.2% in the 2nd quarter in comparison to the 1st.
This figure took the annual growth rate to 0.7 percent, which is the lowest since the 1st quarter of 2010. Some economists had predicted a fall in GDP.
Factors affecting growth have been the extra bank holiday for the royal wedding, the Japanese earthquake and tsunami,
and the unusually warm April in the UK.
For other live currency exchange rates and a currency converter see the currency news website.
STORY LINK Currency Exchange Rates: Sterling rallies on GDP figures
Currency Exchange Rates: Sterling rallies on GDP figures
Pound Sterling has rallied on the news of the GDP growth figures released this morning.
The Office for National Statistics announced that Britain's GDP product grew by 0.2% in the 2nd quarter in comparison to the 1st.
This figure took the annual growth rate to 0.7 percent, which is the lowest since the 1st quarter of 2010. Some economists had predicted a fall in GDP.
Factors affecting growth have been the extra bank holiday for the royal wedding, the Japanese earthquake and tsunami,
and the unusually warm April in the UK.
For other live currency exchange rates and a currency converter see the currency news website.
TAGS: Euro Forecasts New Zealand Dollar Forecasts Pound Dollar Forecasts Pound Euro Forecasts Pound New Zealand Dollar Forecasts Pound Sterling Forecasts
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