By Alex Ellis

U.K. GDP figures released on Friday caused the currency market to tumble even though these figures were released much better than expected. It seems that the market may be anticipating the possibility of a double dipped recession made ever more possible due to the fact that the U.K. is only marginally out of the recession. The U.K. GDP figures were revised from 0.1% to 0.3% and this is ever more surprising as usually this would cause Sterling exchange rates to improve as the data came out much better than expected.

For those looking to conduct currency exchanges at this time it is worth contacting our experienced currency brokers here at Foreign Currency Direct who can help to guide you through the process and ensure you are well informed before committing to any form of currency exchange.