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.