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.