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By Alex Ellis

Today’s currency market has shown significant gains, as confidence in Sterling seems to be on a steady rise. This seems to be a combination of the announcement that the U.K. has pulled out of the recession as well as weaker than expected data being released regarding one of the strongest economies in the Eurozone, Germany.

This rise has lasted for just under two weeks now and therefore it is highley likely that in the near future the rates will drop and if you have the ability to put some funds accross it may be worth doing this sooner rather than later.

In order to get the best exchange rates use Currencyline.co.uk to get in touch with an award winning currency broker.

By Alex Ellis

Sterling exchange rates have improved today, since the release of U.K. GDP data yesterday, this comes despite an initial loss immediately after the data was released, for those looking to conduct a Euro currency purchase this is extremely positive news as these levels appear to be remaining somewhat steady. Although with the possibility of a double dipped recession looming it may be worth considering conducting any selling GBP currency requirements you may have sooner rather than later. As any announcement that the U.k. has fallen back in to the recession will be seen as negative news and could cause Sterling to lose ground across the board.

By Alex Ellis

During the course of Friday, sterling lost some of the gains that we saw over the course of last week as exchange rates began to weaken towards the end of Friday. This was following Retail Sales Data that was released and showed that data was much worse than expected, just catching the exchange rate at the right time last week could’ve equated to an extra €2,500 on a £100,000 currency purchase.

 Although tomorrow could see the U.K. able to announce that statistically it is out of the recession, this is good news on the surface for anyone who is looking to buy Euros. However you must treat this with an air of caution; as there is still a large degree of political uncertainty as well as the risk of a double dipped recession, which will affect any gains we may see on the Sterling currency.

By Alex Ellis

U.K. Retail Sales figures for December were released at 09:30 today and although historically December is seen as a good month for retail figures the weather that was experienced throughout the month in the U.k. meant that these figures were released much lower than expected, at 0.3%. This means that Sterling exchange rates could be especially volatile today and therefore for anyone with a currency purchase to perform it is worth contacting an experienced currency broker in order to ensure you are properly informed before committing to anything.

 Yesterday saw the release of the ECB monthly report and during this it was announced that interest rates are expected to remain at 1% until at least the fourth quarter of 2010. The Eurozone is beginning to show signs of a positive recovery; however Greece and Spain are restricting the overall growth as these two countries appear to be really struggling.

Currently Sterling exchange rates remain fairly positive and therefore in order to maximise your currency it may be wise to conduct your currency purchases sooner rather than later.

By Alex Ellis

Today’s currency market sees Sterling exchange rates still trading at a four month high, although the market still remains volatile: for example if you were buying £200,000 yesterday then the difference between buying at the high and low of the day equated to €1,760. Therefore as always you must be very cautious when conducting currency purchases and consider all avenues, the majority of individuals use an experienced currency broker when conducting currency purchases. Meanwhile yesterday Mervyn King conducted a speech at the University of Exeter during which he stated that the economy faces a long period of healing, as well as being slightly ambiguous about whether or not the Bank of England would continue their Quantitative Easing programme. The Bank of England minutes are released today at 09:30 (GMT) and these may outline the future for Sterling.