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By Alex Ellis

Sterling exchange rates have weakened since the UK trade deficit was announced as widening yesterday as well as Mervyn King’s suggestions that UK interest rates will remain low for the foreseeable future. As the UK has now eradicated any fears of political uncertainty, the key impacting factor on exchange rates will now be economic factors.

If you are looking to either buy or sell Euros then the coming weeks will include both some excellent buying and selling opportunities and therefore use Currency Line to contact and experienced currency broker in order to ensure you buy or sell at the best possible time.

By Alex Ellis

Sterling exchange rates seemed to have reached a plateau since the announcement that the Conservatives and Liberal Democrats announced a coalition government, the first for over 70 years.

This plateau will be highlighted by peaks and troughs and therefore in order to ensure that you buy at the best possible use Currency Line to contact an experienced currency broker.

In US dollar news the currency remains remarkably strong across the board and we may have to accept that current levels may be the precedent for future exchange rates, as I really can’t see the pound or Euro regaining much ground.

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

As the curtains close on the currency market tonight, we can only speculate as to what the outcome of tonights election will be and the affect it will have on the currency market. For some of you this may mean that you will be watching the market closely as you have decided to risk your transfer on this one data release, for others you may have taken the plunge and bought your currency before the election, the sensible option in my opinion.

If you are looking to conduct a currency purchase over the next few days, then you will want to keep in close contact with your currency broker. The outcome of tomorrow’s election should spell the future for GBP exchange rates.

Both Swiss Franc and US dollar rates fell by 2% yesterday, this could be the beginning of an extremely volatile period for sterling.

By Alex Ellis

Sterling exchange rates peaked overnight following last night’s election debate on ITV, sterling is currently trading at the highest levels for 9 months. Therefore if you have an upcoming GBP/EUR currency exchange then it may be wise to act now rather than risking the rates dropping.

UK GDP figures are out later today at 09:30 and any deviation from what has been predicited will cause sterling volatility on the market. In order to find out how this release has affected the exchange rates, use Currency Line to contact an award winning currency broker.