www.currencyline.co.uk

By Tom Higham

Talks regarding Greek debt levels are expected to resume this week as no resolution is yet to be reached. The uncertainty surrounding Greece’s debt repayment and therefore the unity of the Eurozone continues to hangover the head of euro exchange rates. In fact over the weekend credit ratings agency Fitch have downgraded several European economies including Spain and Italy which is further bad news for the debt laden single currency economy. While this story rumbles on it is likely we will see more exchange rate movement and so the recent 16 month high on Sterling Euro could be soon a distant memory!

Meanwhile in the US there was some good news as they announced that the economy had grown more than expected good news for both the US and the global economy. Should the US economy continue to move from strength to strength we could see not only Dollar strength but also some other currencies such as the Australian and New Zealand dollars strengthen as investors confidence in the global economy grow.

By Alex Ellis

Sterling showed both sides of the coin this morning, with further losses against the Euro this morning; these losses are now floating around 1.5% for the last 24 hours. However sterling has gained over 3% on the Australian Dollar since the early hours of yesterday morning. For those who are looking to buy AUD now is an opportune moment as often gains such as these are short lived. If you are looking to buy Euros then you will certainly want to tread carefully in the current climate.

Currency Market following Election

The currency market remains very volatile following the UK general election and this can create both excellent and poor times to conduct currency purchases. In this instance use Currency Line to contact an experienced currency broker who can not only assist you with your purchase, but inform you of recent trends and movements as well as implementing tools to manage your risk and minimise your exposure.

By Alex Ellis

Following the news that the UK was entering into a hung parliament on Friday sterling suffered losses of around 4% against the Euro. This drop was so dramatic that some online trading platforms could not cope with the speed of which the fall occured.

Brown and OUT!

Sterling exchange rates have improved consistently since the weekend and it seems that the market is anticipating a decision as to a possible coalition. Since the news yesterday that Brown was stepping down from the Labour party sterling appears to have gained significant strength.

For those looking to buy Euros or conduct any form of currency exchange this will come as refreshing news.

However if you are looking to conduct a currency purchase the market will remain fairly volatile and in order to ensure you buy your currency at the best possible time, use Currency Line to ensure you achieve an award winning exchange rate.

By Alex Ellis

Current foreign exchange rates are showing that Sterling is holding steady following losses during the course of last week, the most notable loss is for the GBP/AUD exchange rates which are currently trading at a 25 year low. For those looking to sell Australian Dollars and buy Sterling this is positive news as you may see a substantial return on your currency purchase

Meanwhile for those looking to trade Euros the exchange rates have seen significant losses compared to trading levels seen during recent weeks. I believe that this is on the back of the speculation surrounding Gordon Brown’s bullying as it shows a degree of political uncertainty and furthers the possibility of a hung parliament. The most significant data due out this week is German GDP data due out tomorrow at 07:00 (GMT), as Germany is considered one of the most major economies in the Euro zone any data they release can cause exchange rate movements if deviating from what has been predicted.

By Alex Ellis

Today sees little data due to be released for the Euro, and therefore this should mean that the pound will begin to show some potential for those looking to buy Euros and sell pounds.

Today may well see the USD continue it gains against other major currencies as it is currently viewed as a safer bet than the other major economies. Today sees the release of US Trade Balance data for November, this data shows the overall value of imports and exports, and is seen as a good indicator of the health of the economy. Obviously if these figures come out worse than expected then the currency market should be affected buy this and for those looking to either purchase or sell US Dollars it is worth contacting a currency broker in order to further understand how this may affect you.

Meanwhile in other news Sterling is still experiencing a dire situation in terms of the Australian Dollar, during the course of last week Sterling hit a 25 year low and is still floating around similar levels.