By Alex Ellis

Sterling exchange rates have taken quite a hit this morning after mortgage figures were released and showed that mortgage approvals for the month of January declined sharply down to 49k from 60k. Mortgage approvals are seen as a clear indicator of the health of the housing market and therefore this could be the first sign that the U.K. will enter into what is known as a double dipped recession. For those looking to emigrate to the U.k. you could end up making substantial savings if you conduct your currency purchases now rather than running the gauntlet later on in the year.

Meanwhile there are still echoes of Greece hitting the currency market as the Euro exchange rates remain somewhat uncertain and volatile. Exchange rates are remaining volatile and therefore for anyone conducting any form of currency purcchase use currency line to contact an experienced currency broker.