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.