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By Alex Ellis

Today at 12:00 (GMT) the Bank of England will announce whether or not they will continue their Quantitative Easing programme. Recent data releases have shown that the U.K. is still in a recession and therefore it is most likely that the Bank of England will vote to continue its Quantitative Easing which was introduced to help stabilise the banks. This provides a very negative outlook for Sterling exchange rates as previously when these figures have been released the pound has fallen by up to two cents against the Euro and there was heavy weakness across the currency market.

In order to help ensure that you maximise your saving on exchange rates it is imperative to stay in constant contact with an experienced currency specialist who will have superior knowledge of the currency market.

By Alex Ellis

Overall the pound remained fairly stable against all the other major currencies during the course of last week, towards the end of the week Nationwide released housing prices figures which helped boost Sterling exchange rates.

Although later on this week the Bank of England may announce the continuation of Quantitative Easing, when this announcement has been made previously it has had a drastic effect on sterling exchange rates. It may be a wise idea to buy the currency now to avoid the risk if the rate drops.

Sterling for the moment remains in the Bank of England’s hands.