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.