By Alex Ellis

Jobless claims figures were released for the UK yesterday and showed that although the number of unemployed had decreased the number claiming benefits had in fact increased. There has also been increased speculation of an extension to the Bank of England’s quantitative easing programme this has only helped to fuel weak exchange rates for the pound.

Meanwhile in otgher currency news the pound has gained against the dollar as the Fed have once again hinted at an extension to their quantitative easing programme. A further extension is seen as damaging to the economy as it will raise debt levels and therefore this has caused sterling to gain massively against the greenback.

If you have an upcoming currency purchase then by using an experienced currency broker you are able to protect your position when conducting a currency conversion. Doing so without any advice or prior knowledge could cost you well into the thousands.