By Alex Ellis

This morning has seen Sterling rally against the major currencies on the back of the Royal Institute of Chartered Surveyors claiming that the net balance of surveyors reporting house prices increasing had risen to 35% up from 34% from the previous month. This has caused Sterling Exchange rates to rise and we are seeing the highest GBP/ EUR exchange rates for at least a month, for those looking to buy Euros this is extremely positive news.

This spike could be short lived however as at 9:30 (GMT) today the Office of National Statistics will release the Consumer Price Index data, the CPI is seen as a key method of measuring inflation and changes in purchasing trends and in turn this is seen as showing the true state of the economy.

If you want to take advantage of these extraordinary exchange rates then contact a currency broker who will be able to assist you with your currency requirements when sending money overseas.