By Alex Ellis

The Currency Market showed us yesterday just how volatile it can be; During the early part of the morning Sterling rallied against all the major currencies on the back of data released over the weekend. However by the afternoon trading levels had dropped over 2 cents as Sterling experienced weakness. Some have attributed this weakness to the possible hostile takeover of Cadbury’s by the American food giant Kraft.

The markets remain especially volatile this morning with Sterling losing a cent against the Euro and similar levels against the dollar. In order to understand the potential implications that data releases may have on the market be sure to keep in contact with your Currency Broker.