By Alex Ellis

The Euro has rallied somewhat against sterling this morning in the aftermath of Wednesday’s and Tuesday’s bond auctions, these bond auctions showed that investor’s demand for countries within the eurozone is still very high. In my opninion this strength for the Euro is very unfair given that debt problems have only been reduced by the bond auction and not eradicated for good, this only goes to prove the fragility of the pound at present and the lack of interest in investing because in reality the currency should be especially strong.

Producer Price Index figures released this morning for the UK have helped to halt the Euros steady progress as all figures that were released were positive, and these have therefore helped to halt the Euro’s gains. However the big release for sterling this week will be retail sales figures due to be released on Friday. These are predicted to come out much worse than expected due to the adverse weather conditions seen in December, if this happens then I would expect the exchange rates to be massively affected as a result.

If you do have an upcoming currency exchange then you will want to employ the services of an experienced currency broker who can help to guide you through the process, outlining what economic releases are due that may impact the value of a transfer as well as offering you a number of contract options that can be specifically tailored to suit your individual needs.