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By Alex Ellis

Today’s currency news has seen Sterling exchange rates remain at low levels following the news that some of the countries within the Eurozone may be bailing out Greece. Although this has been seen as a general negative for the Eurozone Sterling rates seem to be faltering due to a lack of confidence in the currency.

Some analysts have been predicting that the GBP/USD exchange rates could hit as low as 1.51 for those looking to purchase Dollars this makes any transaction ever more expensive. In summary the currency market is especially volatile at the moment and therefore a wise move may be to contact an experienced currency broker in order to ensure you are well informed before committing to anything.

By Tom Higham

News from the Bank of England today that UK inflation is likely to rise to over 3% in the coming weeks. Should this happen then Mervyn King the governor of the bank of England will have to write to the Chancellor to explain why inflation is rising so rapidly and what the central bank plan to do to control it.

Rising inflation is usually controlled by rising interest rates but with the economy on the verge of falling back into recession so the Bank of England cannot really increase interest rates making their job very difficult. This also means the pressure is piling up on the Pound and exchange rates are sufferring this morning with Sterling falling against most the major currencies. Sterling Dollar exchange rates have fallen by a cent while Sterling Euro exchange rates are down by half a cent.

If you need to buy currency then complete the contact us form and an experienced currency broker will get in touch to explain how to get the best exchange rates.

By Alex Ellis

In Currency Market News Sterling exchange rates have continued their recent downturn today as the pound seems to show a lack of confidence following a number of negative data releases surrounding the economy.

The hardest hit pairing is the GBP/USD exchange rates which are currently trading at a 9 month low, this seems to be as investors move into the current safe haven of the dollar. For those looking to purchase Dollars this makes for torrid times, making it all the more important to make sure you are well informed about current rates.

Today sees a number of data releases for the U.K. which could have an impact on Sterling exchange rates, the most notable release is the Bank of England’s Quarterly Inflation report released today at 10:30. So for those looking to Buy Euros this could have an impact on rates and it may be worth keeping a close eye on the market during this time.

By Alex Ellis

In currency market news Sterling has continued to take quite a hit this morning following a drop in exchange rates yesterday; this can be attributed to the news over the weekend that the Conservative’s lead over Labour has fallen below ten percent and therefore increases the risk of a hung parliament. Alongside this the British Retail Consortium released retail sales figures for January which showed that retail sales have fallen to -0.7% from +4%; these figures are the worst for 15 years.

In order to achieve the best currency rates you may want to contact an experienced currency broker who can help to guide you through the process and ensure that you maximise your savings whilst also minimising your risk especially in times such as these when the market remains expecially volatile.

By Tom Higham

This morning the Pound exchange rates have started the day poorly falling against most the major currencies. Sterling has lost half a percent against both the Euro and the Dollar. With the chances of a hung parliment in the UK and a soaring budget deficit Sterling remains under a lot of pressure. However, tomorrow sees UK retail sales and expectations are for an improvement which could give a welcome boost for the Pound.

So, if you need to send funds internationally complete the contact us form and an experienced and knowledgeable currency trader will be in touch and explain all the options open to you to help you make the most of your currency transfer.