Uk recession over but the Pound still struggles

Revised GDP figures out on Friday reconfirmed the UK's economy had scraped it's way out of recession in the last quarter, growing by an upwardly revised 0.3%, more than had been previously forecast.

This, I thought, would have given Sterling some well needed strength after a pretty poor week, but it didn't. The Pound continued to lose ground throughout the day, ending the week 2.64% below the week high agains the Euro (when moving £200,000 into Euroland this equates to over €6000!!) and 2.68% against the US Dollar.