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By Alex Ellis

Sterling exchange rates have seen dramatic losses over the last two weeks following a whole host of negative releases for the economy. These have shown that the UK economy is not recovering as well as first though and resurfaced concerns of both a double dipped recession and the extension of the Bank of England’s Quantitative Easing programme.

However at 09:00 (BST) there was a whole host of PMI data released for the Eurozone which was released lower than expectations. This has caused sterling to gain marginally in the short term, so if you are looking to buy euros it may be worth conducting your exchange now before any future sterling releases weigh heavily on the pound.

If you are interested in finding out more about upcoming releases then use Currency Line to contact an experienced currency broker who can help to guide you through the process.

By Alex Ellis

The Bank of England helped to promote uncertainty today following the release of the minutes from their most recent meeting. During this the potential of extending the economic stimulus programme was discussed and although no announcement was made, it is thought that the Bank of England may well further their Quantitative Easing programme in the coming months.

This has caused sterling to weaken further this morning and therefore if you have an upcoming currency purchase you will need to contact an experienced currency broker to ensure you are well protected.

This programme has caused sterling weakness in the past and you would expect the same to happen should further extensions be announced, so in the much longer term we may see further weakness which could cause sterling to fall back to levels seen when the recession first hit.

By Alex Ellis

Sterling exchange rates once again dropped this morning as public sector net borrowing showed the highest figure in August since the records began. This was seen as a negative for sterling because once again it was another release which showed that the UK economy is not recovering as well as first thought.

This release has caused rates to drop to levels not seen since 16th July and therefore this will make any currency conversion much more costly if you are looking to sell sterling. In order to protect yourself in these times use Currency Line to contact an award winning currency broker able to keep you up to date with movements.

By Alex Ellis

This week is a potentially quiet week for sterling with only a couple of releases worth noting such as the Bank of England minutes on Wednesday at 09:30 and mortgage approvals today at 09:30. Recently mortgage approvals have suffered and this shows that although the UK has shown small glimmers of improvement we are still some way off from a full positive recovery. Although unlikely, Wednesday’s minutes could show the Bank of England’s long term prospect for the UK economy and the Quantitative Easing programme. Any extension to QE has in the past caused massive sterling weakness so we may see the same if this happens again.

If you w0uld like any further information about upcoming releases which could impact your currency transfer then use Currency Line to contact an experienced currency broker.

By Jonathan Watson

Combined poor retail sales and an increased benefit claimant count for the UK are signs the UK is still experiencing a very weak recovery.

This has been reflected on the markets with a poor showing for sterling, particularly against the euro. The rate having been quite comfortable above 1.20 now appears to be very comfortable below it. There has been much improvement for the euro recently with debt fears seeming to be off the radar for the time being.

Markets react to sentiment and confidence and currently it appears the euro is benefitting from increased confidence. The euro has also benefitted from a stronger dollar in the last month as when the dollar trades strongly, weaker and more riskier currencies such as the euro can benefit as investors move funds to the alternative options to make a profit.

To avoid the volatility currency brokers like myself will seek to make trades on behalf of clients at the high points to maximise clients rates. So not only can we get clients much closer to the market rate, we seek to make sure that we are doing this at the most lucrative time.

To find out about how to start getting the most for your money on electronic bank to bank transfers, please fill in the contact us form and one of our dealers will be in touch immediately.