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By Matthew Wright

GBPEUR rate has today seen some huge gains. Sterling has reached some highs best seen for over a year. These movements are largely due to the continuing European sovereign debt issues which continue to dominate the headlines. Recent European unemployment figures today haven’t helped, currently at 22.5%. House price figures for the UK released by the land registry showed an annual increase of 8.5%. However the future of the UK is still very unclear. Now would be an ideal time to secure your currency in the live market and benefit from these favorable rates.  

By Matthew Wright

The euro fell more than 1% yesterday VS sterling amid fears that the sovereign debt crisis and banking sector concerns in the euro zone are more severe than in the UK. Sterling/euro has been moving higher because the UK does not have the concerns about the potential default or restructuring of debt that the euro has.