By Michael Vaughan

Sterling exchange rates were to finally find support against a host of major currencies (the exception being the New Zealand dollar) in a reversal of recent trends. The pound has found support today as the Bank of England minutes showed a 9-0 vote in favour of keeping the Bank’s Quantitative Easing stimulus package held at £175bn and with sterling having had a terrible run of late a positive movement such as today may well be an opportune time to take advantage.