By Alex Ellis

During the course of Friday, sterling lost some of the gains that we saw over the course of last week as exchange rates began to weaken towards the end of Friday. This was following Retail Sales Data that was released and showed that data was much worse than expected, just catching the exchange rate at the right time last week could’ve equated to an extra €2,500 on a £100,000 currency purchase.

 Although tomorrow could see the U.K. able to announce that statistically it is out of the recession, this is good news on the surface for anyone who is looking to buy Euros. However you must treat this with an air of caution; as there is still a large degree of political uncertainty as well as the risk of a double dipped recession, which will affect any gains we may see on the Sterling currency.