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By Alex Ellis

Today’s currency market has an eerie air of uncertainty as the future of the pound still hangs in the balance, due to the possibility of a hung parliament. Although this subject has been repeated constantly for the last few weeks it does seem to have been weighing on the pound.

Although in truth sterling/euro exchange rates are still at a two month high and therefore if you are looking to conduct a currency conversion, there really is no better time. Spikes like these are often short lived and with the added uncertainty sterling could face major losses at any given moment.

In other currency news, the Canadian Dollar has gained nearly 10% against the pound since the beginning of the year. While the rates remain this volatile you will have to tread carefully and ensure that you are well informed before conducting foreign currency exchange.

By Tom Higham

In a new twist in the Eurozone the rating agency Standard and Poors downgraded Spain to AA rating from triple A. This is further bad news for an already rocking Eurozone, however the market has not reacted overly with Sterling Euro exchange rates down by half a cent despite the news. The pound has also lost a cent against the US Dollar, two and a half cents against the Australian Dollar and three cents against the New Zealand Dollar.

This is one of the worst days trading the pound has had for the last few weeks, following a very positive run. So, if you want to send money overseas and do not want to lose any more ground complete the contact us form and an experienced currency broker will be in touch to discuss all the options open to you.

By Alex Ellis

The number of mortgage approvals failed to live up to expectation this month as figures showed a small increase of 1,600, the forecasted increase was 9,900 and therefore this figure was released much worse than expected.

What effect has this had on exchange rates?

To put it simply this has caused sterling to lose ground against all the major currencies, and therefore will cause any currency purchase involving selling sterling to be much more costly than it would have been previously.

Despite these losses if you use Currency Line you are able to contact an experienced Currency Broker, who has won awards for both customer service and exchange rates.

By Tom Higham

The Pound has strengthened be over a cent and a quarter from start of trading taking Sterling to some of the highest levels we have seen for several months against the Euro. Sterling is also up against the US Dollar by a cent presenting some fantastic buying opportunities.

While the pound continues its recent good run it is being mainly put down to the run in to the election and also investors lack of confidence in the Eurozone as money floods out of Europe and into the UK and the Dollar as Greece saga rumbles on. So, if you need to send money overseas complete the contact us form and an experienced currency broker will contact you and explain all the options open to you.

By Alex Ellis

Sterling exchange rates peaked overnight following last night’s election debate on ITV, sterling is currently trading at the highest levels for 9 months. Therefore if you have an upcoming GBP/EUR currency exchange then it may be wise to act now rather than risking the rates dropping.

UK GDP figures are out later today at 09:30 and any deviation from what has been predicited will cause sterling volatility on the market. In order to find out how this release has affected the exchange rates, use Currency Line to contact an award winning currency broker.