By Alex Ellis

Sterling’s future remains somewhat uncertain, over the last two weeks we have seen significant losses following weaker than expected economic data for the UK. Analysts believe that once the UK budget cuts come into play the UK recovery will begin to falter and these recent economic releases are the first signs of this, fuelling the speculation of a double dipped recession.

Sterling exchange rates have improved in the shorter term this morning as Halifax announced that the housing market is in fact stable. This is following the news that the average house price has increased by 0.2% in the month of August. The housing market is seen as a clear indicator of the health of the UK economy and therefore this has given sterling a short term boost this morning.

If you have an upcoming data release then be sure to use Currency Line to contact an experienced currency broker who can help you through the process and ensure that you are well informed before committing to any currency purchase.