By Alex Ellis

Yesterday saw the release of the Bank of England minutes from their latest meeting, during this meeting it was decided that there would be no further extension to QE until possibly February 2010, and there would be no interest rate rise for the foreseeable future. After an uncertain start this was eventually seen as a negative for Sterling as exchange rates dropped to lower levels.

However for those looking to purchase or sell Euros it is worth keeping an eye on the situation in Greece: currently the country is in a drastic state of debt and is at real risk of crumbling. Whatever the eventual outcome is for Greece, this will have a significant effect on exchange rates, so in order to stay on top of exchange rates contact an experienced currency broker.

The Dollar is still experiencing massive gains against Sterling, however this strength has lessened slightly this morning, for those looking to sell dollars now is the best possible time, for those looking to purchase dollars this strength may continue and cripple the pound.