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By Alex Ellis

Sterling exchange rates seem to be plummeting this morning as positive news from the U.S. and panic buying from investors has pushed the exchange rates downwards.

 The most affected by this has been the GBP USD exchange rates which have lost over a cent between the markets open and trading this morning. For anyone looking to purchase Dollars this will make your transaction more costly, especially for those looking to send larger amounts overseas.

 Meanwhile Sterling exchange rates have also fallen against the Euro and with the majority of individuals either looking to purchase or already owning a property in the Eurozone, this news becomes ever more important. For those looking to sell property overseas and purchase Sterling, then you may make large profits by selling now.

By Alex Ellis

Today sees an interesting day for both Sterling and the Euro as both of the central banks will release their interest rate decision today. The bank of England will release theirs at 12:00 (GMT) whilst the European Central Bank will release their decision at 12:45 (GMT). The prediciton is that neither of these will increase interest rates however usually the governor of each of these banks will conduct a speech during which they will announce the forecast for the currency.

For those looking to buy Euros you must treat today with severe caution as any movement could affect the savings you recieve on your currency purchase.

By Alex Ellis

Sterling lost ground against the Euro and Dollar yesterday, this can be attributed to the caution that investors are taking ahead of the Bank of England’s interest rate decision tomorrow at 12:00 (GMT). The BoE are also expected to announce whether or not they are going to continue the asset purchasing programme Quantitative Easing, in the past any announcement regarding QE has caused excessive market volatility.

For those looking to buy another currency using Sterling, it may be worth contacting an experienced currency broker, in order to best manage your currency requirements and reduce your risk when sending money overseas.

By Alex Ellis

Yesterday saw Sterling crash across the market as all major currencies began to gain strength as the pound weakened across the board. For those who took advantage of the currency rates when the pound was strong then you may look back on your currency purchase with the realisation that you bought at the best possible time. For those who attempted to capitalise on the gains and left it too late it may be worth considering buying your currency now rather than risking the pound losing more strength.

 During the course of this week there are a number of data releases that may have an impact on the currency market; potentially the most important will be the Bank of England’s interest rate decision on Thursday.

 In order to secure the best currency exchange rates it may be worth contacting an experienced currency broker in order to ensure that you maximise your savings and minimise your risk.

By Alex Ellis

Todays currency market has seen losses across the board for Sterling as major currencies seem to capitalise on the growing uncertainty surrounding Sterling’s position within the market and whether or not the U.K. is actually out of the recession.

US has begun to show strength across the market as it has benefited from positive GDP data released last week, this showed that the US economy has healthy growth and therefore looks to be free at present from the recession.

For those looking to secure the best currency rates and to maximise their savings it may be worth contacting a currency broker in order to see how best to manage yourself in this situation.