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By Michael Vaughan

Sterling exchange rates remained relatively steady throughout the day beginning positively in early morning trading but losing ground during the afternoon. Following yesterday’s positive gains following better than expected GDP figures and consumer confidence the pound found support but was to pair back against the Euro as analysts said the economy remained weak, and that recent weakness in the pound would continue.

By Colm Gilhooly

Sterling has rallied against all major currencies this morning following a much better than expected CBI survey.  Given all the Pressure on the Pound recently due to the dire state of the UK economy, this spike may be short lived, so if you are buying Dollars, Euros or any other currency for that matter then it may be worth getting in touch today!

By Leigh Smith

Sterling has made some quite considerable losses so far during Thursday’s trading, with the Pound losing 1.4% on the Euro, 1.7% the US Dollar, and 1.6% against both Aussie and Kiwi Dollars.

The main reason that seems to be driving Sterling exchange rates down is Mervin King speaking earlier today where he confirmed, and seemed comfortable with, the fact that the weak Pound was helping the economy through increased exports.

Market analysts have said that this has helped ‘revive momentum to dump the Pound’, and how yesterday’s gains were ‘overdone’.

With Sterling being dumped as such on the scrapheap, the question you may ask yourself is how low will these levels fall to? It may be wise to think back to the start of 2009.

By James Lovick

Sterling strength for a change today and how refreshing it is! The pound seems to have halted its losses against the euro at least. It is probably on the back of the Bank of England minutes this morning which suggest the members are not so keen on more printing money. The markets seem to have taken the news well and the pound has seen a pretty good day against most major currencies. That is not to be complacent either, the Bank of England still desire a weak pound to help our export market and drag us out of recession. The reports of sterling euro hitting parity are probably not helping either!

By Michael Vaughan

Sterling exchange rates were to finally find support against a host of major currencies (the exception being the New Zealand dollar) in a reversal of recent trends. The pound has found support today as the Bank of England minutes showed a 9-0 vote in favour of keeping the Bank’s Quantitative Easing stimulus package held at £175bn and with sterling having had a terrible run of late a positive movement such as today may well be an opportune time to take advantage.