By Alex Ellis

Today (12:30 GMT) sees Alistair Darling’s speech regarding the U.K.’s pre budget report which is conducted every year in autumn. During which he addresses the MPs and updates them on the state of the economy and any fiscal changes to be made. Darling has stood by his statement that the U.K. will be able to pay off its debt within four years; however other political parties and financial analyst believe that this is not possible. Darling is also expected to announce a bonus tax for those bankers who are receiving such large bonuses, there have been rumours that if this tax is introduced those within the banking sector will stage a mass exodus.

The expectation surrounding this has caused sterling exchange rates to drop across the board, experiencing heavy losses and meaning that sending money overseas at present is a much more risky business.