By Alex Ellis

The Chartered Institute of Personnel and Development announced yesterday that they believe that unemployment will continue to rise for the first six months of 2010 with the peak reaching around 2.8 million. This figure was an improvement on earlier predicted levels however this news caused sterling exchange rates to fall, most importantly against the Euro.

House sales data was released for the U.S. yesterday; this data showed how the housing market was faring over the month of November, initially as this data was weak with sales falling by 11.3%. This caused Sterling to make small early morning gains against the Dollar, however this strength was short lived. If you are looking to buys dollars the strength of the dollar at present will have a serious impact on any currency purchase you may have, in order to make sure you buy your currency at the best possible time be sure to contact a currency broker.