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By Alex Ellis

Sterling has once again held steady against all the major currencies this morning, the pound hit a three month high against the Euro yesterday and a one month high against the dollar. These rises seem to be slowly levelling out which could be a sign the spike is over, however if Sterling survives the course of this week then it is very likely that we may see these levels for a bit longer than usual in a spike.

U.K. Consumer Price Index figures were released at 09:30 (GMT) today and these figures are seen as a key indicator of measuring inflation and changes in purchasing trends. For those looking to purchase Euros this week is going to be testing times indeed, so you may want to contact an experienced currency broker to better understand the impacts on the market.

By Alex Ellis

Sterling exchange rates have continued their promising rise during the course of the morning as Rightmove released housing price data early this morning, this data has had a positive impact on Sterling Exchange Rates as it has shown that house prices rose by 0.4% during the month of December.

For those looking to buy Euros this is positive news and I am under the opinion that this week will be a clear indicator of the long term future for Sterling and therefore depending on how soon you can conduct your currency purchase you need to keep a close eye on the currency market.

The reason this week will be so important is because everyday there is a data release which could have a significant affect on the market. In order to keep up to date with the effects of these contact an experienced currency broker who can help to guide you through the process.

By Alex Ellis

Today has seen Sterling Exchange rates jump massively overnight, over the course of yesterday this movement attributed to an increase of 0.5% and trading levels reached the highest they have been for four months. For those looking to buy Euros then you may want to conduct your currency purchase today rather than risking the rates dropping over the weekend. If these levels fall then they could fall for as long as 6 months, as has happened in the past. The question to ask yourself is: are you willing to risk this happening again?

 In U.S. news the unemployment benefit claims rose higher than expected to 444,000, and therefore this has caused the Dollar to lose strength against Sterling, this is the first decline in three months and is refreshing news for anyone looking to buy Dollars. Some analysts believe that this could be the first sign we may enter into a ‘double-dipped recession.’

This would be terrible news for all currencies involved, (when we first entered into the recession Sterling almost hit parity against the Euro), and therefore there will be further risk of this if the recession was double-dipped.

In order to minimise your risk you may wish to contact a currency broker in order to decide how to conduct your currency purchase, especially as the outlook of the currency market is still looking volatile.

By Alex Ellis

Sterling Exchange rates rose steadily during the course of yesterday, this followed better than expected industrial and manufacturing production figures released for the U.K. For those looking to buy Euros this is extremely positive news as exchange rates have been dropping one way or the other since the recession first hit the globe.

 On the 26^th January 2010 official U.K. GDP figures will be released, so this will be the only clear indication of whether or not the U.K. is out of the recession, therefore this spike could be short lived as any announcement regarding the recession could push exchange rates back downwards.

It is worth noting as well that there are some rumours that the Bank of England may further extend the Quantitative Easing programme in February, in the past when this has happened it has caused Sterling negativity, therefore it may be worth considering to buy your currency now rather than risking waiting into the coming months.

 European economies are currently in a state of crisis: Greece has been heavily criticised for severe irregularities in its accounting procedure, as it seems they have tried to falsify national figures. There will be an interest rate decision today from the European Central Bank and this will be key to the currency market, therefore it may be worth buying your currency in the early morning.

 In order to take advantage of these extraordinary exchange rates, be sure to contact an experienced currency broker who can help guide you through the process.

By Alex Ellis

Yesterday saw Sterling Exchange rates hit steady levels after a series of losses in recent weeks, whilst today the market has improved slightly on the back of positive Industrial Production data which relates to strength in the Manufacturing Sector. This has caused Sterling to slightly strengthen, so for those looking to buy Euros you may want to take advantage of this spike before it is too late.

 It is worth noting that tomorrow sees the European Central Bank announce their interest rate decision, if they decide to increase interest rates then this will be seen as a positive for the Euro and will cause Sterling exchange rates to fall.

 Meanwhile in USD news, Sterling has begun to close the gap on the US dollar following the early morning’s positive data release, for those looking to purchase Dollars, you may want to keep in close contact with your currency broker in order to ensure that you buy your currency at a suitable time.