By James Lovick

What a rollercoaster of a day! Sterling exchange rates dropped massively at 12.00 today after the Bank of England announced that it is increasing the size of its quantitative easing measures. Sterling euro rates fell immediately. Currency rates against the US dollar also dropped very quickly and we have lost well over 1% over the day. For anyone selling euros the market has move almost 1% in your favour today.

 

Tomorrow sees US Non Farm Payroll data. For anyone buying dollars or selling dollars then this release could be big!