By Alex Ellis

Those of you based in the UK will more than likely have experienced the worst of the UK’s weather this week as inches of snow fall have hit across the country. This seems to have quietened down the market as we have literally seen sterling barely move throughout the day. A knock on affect of this snow is that UK retail sales figures are predicted to be massively affected and theoretically this week should be one of the busiest weeks for Christmas shopping.

It will be interesting to see when figures are released next what impact the figures will have on exchange rates.