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By Alex Ellis

Sterling is starting to show signs of weakness as recent economic data has shown that the economy is far from showing positive growth and although the UK has now established policitcal certainty this does not paint a pretty picture for the future of sterling.

Meanwhile once again the Dollar is remarkably strong against both the dollar and against the euro. With the euro exchange rates have almost hit parity whereas with sterling the rates are as low as they were in March last year.

By Tom Higham

The Pound has started the week poorly loosing half a cent against the US Dollar, nearly a cent against the Canadian Dollar and Swiss Franc and three quarters of a cent against Euro. All this with the apprent political stability!

The outlook for Sterling remains bleak with a raft of poor economic data being released and other economies most noticeably in Australia and America showing signs of improvement the pressure is likely to remain heavily on Sterling. So, if you need to send money overseas then complete the comtact us form and an experienced currency broker will get in touch to discuss the options open to you in helping you get the best rate of exchange.

By Alex Ellis

Sterling exchange rates have weakened since the UK trade deficit was announced as widening yesterday as well as Mervyn King’s suggestions that UK interest rates will remain low for the foreseeable future. As the UK has now eradicated any fears of political uncertainty, the key impacting factor on exchange rates will now be economic factors.

If you are looking to either buy or sell Euros then the coming weeks will include both some excellent buying and selling opportunities and therefore use Currency Line to contact and experienced currency broker in order to ensure you buy or sell at the best possible time.

By Alex Ellis

Sterling exchange rates seemed to have reached a plateau since the announcement that the Conservatives and Liberal Democrats announced a coalition government, the first for over 70 years.

This plateau will be highlighted by peaks and troughs and therefore in order to ensure that you buy at the best possible use Currency Line to contact an experienced currency broker.

In US dollar news the currency remains remarkably strong across the board and we may have to accept that current levels may be the precedent for future exchange rates, as I really can’t see the pound or Euro regaining much ground.

By Alex Ellis

Following the news that the UK was entering into a hung parliament on Friday sterling suffered losses of around 4% against the Euro. This drop was so dramatic that some online trading platforms could not cope with the speed of which the fall occured.

Brown and OUT!

Sterling exchange rates have improved consistently since the weekend and it seems that the market is anticipating a decision as to a possible coalition. Since the news yesterday that Brown was stepping down from the Labour party sterling appears to have gained significant strength.

For those looking to buy Euros or conduct any form of currency exchange this will come as refreshing news.

However if you are looking to conduct a currency purchase the market will remain fairly volatile and in order to ensure you buy your currency at the best possible time, use Currency Line to ensure you achieve an award winning exchange rate.