By Alex Ellis

Sterling exchange rates have slipped this morning as it seems that unemployment figures released yesterday may now be affecting the exchange rates. Sterling has therefore lost significant ground this morning across the board and this looks set to continue for the remainder of the morning.

These rates are still historically high at the moment and weakness looks set to continue for the majority of the morning, unless today’s EU summit can cause some Euro weakness. The Euro zone currently has a large degree of uncertainty and there are rumours that Spain could follow in the footsteps of Greece.

This makes for a very volatile currency market and if you are looking to conduct a currency purchase, use Currency Line to contact an experienced currency brokerage.