www.currencyline.co.uk

By Tom Higham

Sterling has started the day on a slightly more positive note following a couple of negative days in the currency markets.  The pound is up by half a percent against the Dollar this morning and by over 0.3% up against the Euro. These may not sound like big movements but on a £200,000 transfer this means roughly an extra €$1,500 or €600. So, if you need to send money overseas then please fill in the contact us form and an experienced currency broker will shortly be in touch to explain all the options to you to help get the best exchange rate.

By Alex Ellis

The political uncertainty and possibility of a hung parliament has all but destroyed the possibility of Sterling exchange rates continuing to recover. This followed the Sunday Times article over the weekend in which a YouGov poll showed that the Conservatives lead over Labour has now shrunk to two points, this maintains the threat of a hung parliament and therefore was seen as a negative for Sterling.

The possibility of a hung parliament has raised question about the future of Sterling exchange rates, especially as the prospective governments seem to be holding back their fiscal policies to combat the current £174 billion debt.

Many analsyts shrugged off the possibility of Sterling reaching parity against the Euro however this seems ever more likely.

By Tom Higham

With the news that a Labour government is more likely than a Tory in the upcoming general election the Pound has fallen further in this mornings trading. With the Conservative government losing their lead in the polls it appears that the Pound is following the Tories in a downward trend and with levels of resistance against both the Euro and the US Dollar means we could be very close to a big Sterling collapse. However, the problems in Greece persist so opinions of where the market will head next remain very split. If you would like to discuss in more detail the market outlook with a currency expert then complete the contact us form and a broker will be in touch shortly.

By Alex Ellis

U.K. GDP figures released on Friday caused the currency market to tumble even though these figures were released much better than expected. It seems that the market may be anticipating the possibility of a double dipped recession made ever more possible due to the fact that the U.K. is only marginally out of the recession. The U.K. GDP figures were revised from 0.1% to 0.3% and this is ever more surprising as usually this would cause Sterling exchange rates to improve as the data came out much better than expected.

For those looking to conduct currency exchanges at this time it is worth contacting our experienced currency brokers here at Foreign Currency Direct who can help to guide you through the process and ensure you are well informed before committing to any form of currency exchange.

By Alex Ellis

UK GDP data was released today and surprisingly although the data was released slightly better than expected, ever since the release Sterling rates have continued their downturn and the euro exchange rate has now moved 2% in a matter of days. Therefore the effect that UK GDP has had on exchange rates is a negative one and this just goes to show how volatile the currency market can be. For those looking to conduct currency purchases contact our experienced currency brokers using Currency Line who will give you access to award winning exchange rates.