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By Alex Ellis

Sterling exchange rates experienced further losses this morning following weak house pricing data, this is the second month in a row that house prices have fallen and the source of the data, Nationwide outlined that this is the first time that prices have fallen for two consecutive months since February 2009.

This is the first real sign that the UK economy is beginning to slow and is starting to show signs similar to the US that a double dipped recession may be on the horizon.

In order to protect yourself whilst conducting any currency exchange use Currency Line to contact an experienced currency broker who can help to guide you through the process.

By Alex Ellis

Sterling has experienced losses this morning as Martin Weale, the newest member of the MPC announced that he thought the BoE growth forecast for the UK economy could be optimistic. The threat of a lowered growth has therefore caused sterling to lose ground against the majority of major currencies, this has equated to a one month low against the dollar and rates lower against the Euro than what was seen yesterday.

German GDP data was released early this morning and this has shown significant increases and positive growth. This has only helped to further weaken sterling and therefore make any GBP currency exchange most costly.

To fiud out what releases are due towards the latter part of this week and what affect these may have on any currency exchange, use Currency Line to contact an experienced currency broker.

By Alex Ellis

EU GDP figures are due to be released today at 10:00 (AM) this morning, we have already seen German GDP figures released and these showed growth of 2%. The effect of these figures on exchange rates intially caused sterling to lose strength however sterling has since rallied and rates are back on the up.

Elsewhere this afternoon sees the US release their most recent CPI and Retail Sales figures, the prediction is for a growth of 0.1% however the recent spate of negative releases for the USA means that this figure could be released worse than expected. If this were to happen then you would expect to see the GBP/USD exchange rate head back towards the 1.60 mark.

If you have an upcoming currency requirement then use Currency Line to contact an experienced currency broker. You can then be informed of any upcoming data releases which could impact the value of your conversion.

By Alex Ellis

The currency market remained volatile yesterday as sterling jumped 1.5% against the Euro, this equates to difference of about €3,570 on a £200,000 exchange. Against the Dollar the movement equated to a difference of $3,500 and the New Zealand Dollar NZD 7,750.

This goes to show how important it is to ensure you are well informed before conducting any form of currency exchange, and with a host of economic data out today the movements could swing even further.

EU Monthly Industrial Production data was actually released worse than expected this has caused sterling to improve once again this morning. Use Currency Line to contact an experienced currency broker to ensure you benefit from this movement.

By Alex Ellis

Mervyn King announced yesterday that the UK economy has a considerable way to go before UK interest rates return to normal. This caused sterling to fall sharply however towards the end of the day sterling had regained its feet and levels were picking up once more. The UK have had two positive data releases recently, UK GDP last week and retail sales figures on Tuesday and therefore this should help to keep rates steady for the remainder of the week.

There are continued fears that the USA may be heading towards a double dipped recession, recent data releases have highlighted a retraction in the growth of the economy. This has therefore caused fears to resurface of the possibility of a double dipped recession. If this were to happen then we could witness sterling reclaim some of this year’s large losses. However usually the UK follows suit and we may see the same happen with UK growth in the future.

In order to discuss how any of these topics may affect an upcoming currency purchase then use Currency Line to contact an experienced currency broker who can help to guide you through the process.