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By Alex Ellis

Nationwide released housing prices figures early this morning which showed that house prices had risen at the fastest pace for 2 years in the month of December, this will increase Sterling volatility in the market and therefore in order to make sure you avoid any pitfalls be sure to contact an experienced currency broker regardless of whether you are Selling Euros or buying Euros.

Sterling remains especially volatile against the Dollar with the currency experiencing a two month low against the currency yesterday, however Sterling recovered by the end of the afternoon making a gain of 180 pips in a matter of hours.

In all this year has been a typically eventful one across the board for all currencies, and as the curtains close on 2009 will you look back and regret buying at the time you did because you did not contact a currency broker?

By Alex Ellis

The Chartered Institute of Personnel and Development announced yesterday that they believe that unemployment will continue to rise for the first six months of 2010 with the peak reaching around 2.8 million. This figure was an improvement on earlier predicted levels however this news caused sterling exchange rates to fall, most importantly against the Euro.

House sales data was released for the U.S. yesterday; this data showed how the housing market was faring over the month of November, initially as this data was weak with sales falling by 11.3%. This caused Sterling to make small early morning gains against the Dollar, however this strength was short lived. If you are looking to buys dollars the strength of the dollar at present will have a serious impact on any currency purchase you may have, in order to make sure you buy your currency at the best possible time be sure to contact a currency broker.

By Alex Ellis

Boxing Day sales saw a record number of shoppers hitting the high street in anticipation of the V.A.T. rise on the 1^st of January. This rise future rise in V.A.T. has meant that Sterling remains very vulnerable and will do for the foreseeable future.

The British Retail Consortium have said 2010 is likely to be a difficult year for many retailers based on a survey showing that 4 out of 5 shoppers do not believe that sales levels will improve compared to 2009. As this year has been so tough many retailers have cut back on stock, and in order to cut cost many temporary staff will also be let go in order to minimise spending and cut costs. Figures and consequences such as these will have a significant effect on exchange rates and therefore in order to maximise your saving when conducting a currency transfer, be sure to contact an experienced currency broker.

Hometrack spokesman, Richard Donnell has said that 2010 will see slow growth in the housing sector for the U.K., this is as a result of lowered income for households and high unemployment. If house prices fall then this will impact sterling exchange rates and could create more risk when conducting a currency transfer.

By Alex Ellis

Yesterday saw the release of the Bank of England minutes from their latest meeting, during this meeting it was decided that there would be no further extension to QE until possibly February 2010, and there would be no interest rate rise for the foreseeable future. After an uncertain start this was eventually seen as a negative for Sterling as exchange rates dropped to lower levels.

However for those looking to purchase or sell Euros it is worth keeping an eye on the situation in Greece: currently the country is in a drastic state of debt and is at real risk of crumbling. Whatever the eventual outcome is for Greece, this will have a significant effect on exchange rates, so in order to stay on top of exchange rates contact an experienced currency broker.

The Dollar is still experiencing massive gains against Sterling, however this strength has lessened slightly this morning, for those looking to sell dollars now is the best possible time, for those looking to purchase dollars this strength may continue and cripple the pound.

By Alex Ellis

All eyes will be on the Bank of England minutes which are released today at 09:30 (GMT), these minutes always have a significant effect on the market and the consensus is that this could go either way. In order to minimise your risk you may want to buy foreign currency sooner rather than later, the best and safest way to do this is to contact an experienced currency broker who can help to guide you through the process.

GDP figures released yesterday were worse than expected and the result of this was that the market exchange rates were driven downwards. Also during the course of yesterday we saw the worst GBP to USD Rates seen for nearly a year. For those looking to sell Sterling you may want to do this as soon as possible before the exchange rates plummet even further.