By Alex Ellis

In Currency Market News Sterling exchange rates have continued their recent downturn today as the pound seems to show a lack of confidence following a number of negative data releases surrounding the economy.

The hardest hit pairing is the GBP/USD exchange rates which are currently trading at a 9 month low, this seems to be as investors move into the current safe haven of the dollar. For those looking to purchase Dollars this makes for torrid times, making it all the more important to make sure you are well informed about current rates.

Today sees a number of data releases for the U.K. which could have an impact on Sterling exchange rates, the most notable release is the Bank of England’s Quarterly Inflation report released today at 10:30. So for those looking to Buy Euros this could have an impact on rates and it may be worth keeping a close eye on the market during this time.