By Leigh Smith

This morning, as previously mentioned, the ONS released the UK 2nd quarter GDP figures. Expectations were for an increase to 0.6%, figures showed GDP actually rose by 1.1% however and Dollar exchange rates have reacted accordingl.y Since the release at 9.30am GBPUSD rates have increased 0.6%, or 1.1% for the day, and GBPCAD rates have increased 1.25% for the day.

Next week however we have house price data for both the UK and US, so if you are looking at buying US Dollars it may be prudent to take advantage of the current high levels before any negative figures have the chance to take effect.