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By Alex Ellis

The pound has shown resilience this week holding against most of the major currencies for the majority of the week.  There have been a few pieces of data released that have supported sterling the most recent being the house price index. This data, released by Nationwide showed that housing prices have increased by 0.4% a small but positive increase.

There are a few important pieces of information due out next week so it is important to stay in touch with your currency broker.

By Tom Holian

Sterling rallied yesterday against the single currency by 1.5% following some short term profit taking. The exchange rate are close to a three month high for the currency pairing meaning a few more Pounds when converting Euros into Sterling.

The New Zealand Reserve Bank kept interest rates on hold overnight and prior to the decision Sterling strengthened by 2.5% against the NZD.

By Alex Ellis

As of today the Quantitative Easing policy adopted by the U.K. Government has officially ended. Although in recent weeks this has seemed to have a significant effect on the currency, the pound remains fairly stable.

Over the course of the next few days there is little data coming out which may affect the GBP exchange rates; however on Friday Nationwide is releasing housing price data which is expected to hit Sterling across the market. So buying now could be the safer option when selling pounds to buy another currency.

At 20:00 (GMT) The Reserve Bank of New Zealand will be meeting to set interest rates if they decide to change these rates then expect volatility in the market, this could affect the market for a number of days. So we could potentially see a Sterling rally against the New Zealand Dollar.

In order to maximise the saving when sending money transfers it makes perfect sense to consult and use an expert currency brokerage.

By Alex Ellis

There has been a much discussed debate ever since the Bank of England (BOE) announced that the U.K. was still in a recession. The question remains unanswered with some analysts arguing that the figures used in the BOE announcement were in fact wrong. Ever since this announcement Sterling has fallen 3 cents against the Euro and has fallen across the currency market when compared to other currencies.

The Euro meanwhile has grown in strength against the dollar and against Sterling. This means that individuals who bought properties abroad from the U.K. in 2008 can sell back their Euros and buy Sterling to make considerable profits; in some cases up to £25,000. In truth there has never been a better time to take advantage of the Euro exchange rates.

The Dollar is slightly struggling at present as investors seem to look elsewhere to take advantage of the stronger currencies. In the U.S. there are no major announcement s today which could affect currency movement so the future is still uncertain.

Currency Markets can be daunting as well as unforgiving; therefore it is all the more important to contact a currency specialist who has unique knowledge of the market and can keep you up to date with market movement.

By Alex Ellis

So throughout this week we saw major movement across the currency market, and an awful lot to consider when buying currency. We saw how a small comment from a member of the Bank of England can have a massive effect on the currency market. We have learnt that the U.K. is still in a recession and therefore there may still be massive effects of this on the currency market.

Sterling fell by 1.65% against the Euro and 1.58% against the Dollar over the course of the day. There has never been a better time to contact currency specialists in order to gain a better understanding of the currency market.