By Alex Ellis

Yesterday saw Sterling Exchange rates hit steady levels after a series of losses in recent weeks, whilst today the market has improved slightly on the back of positive Industrial Production data which relates to strength in the Manufacturing Sector. This has caused Sterling to slightly strengthen, so for those looking to buy Euros you may want to take advantage of this spike before it is too late.

 It is worth noting that tomorrow sees the European Central Bank announce their interest rate decision, if they decide to increase interest rates then this will be seen as a positive for the Euro and will cause Sterling exchange rates to fall.

 Meanwhile in USD news, Sterling has begun to close the gap on the US dollar following the early morning’s positive data release, for those looking to purchase Dollars, you may want to keep in close contact with your currency broker in order to ensure that you buy your currency at a suitable time.