Sterling exchange rates falling through the floor. (Ben Amrany)

It has turned out to be an extremely poor day for sterling sellers as the pound has weakened to worse the levels in 5 months against the USD trading at 1.5743, currently at a 14 month low against the Euro trading at 1.1498 and the pound has also lost over 1% on the day against the CHF, NZD, ZAR SEK. The pound is down against all the majors.

The losses that the pound has recently been witnessing does not seem to be slowing at any time soon. In fact today we had UK manufacturing data out which was worse than what the markets were predicting. This is showing that there is a real possibility that the UK could dip back into a triple dip recession and is really hindering the pound. Plus the further the UK economy contracts the potential that the UK’s borrowing costs could rise is threatening our AAA rating.

All the above is not helping thoses of you that need to sell the pound. It is now more important than at any other time to make sure when you carry out your exchange you get the best rate possible. Here at www.poundsterlingforecast.com the authors of the site work for one of the largest currency brokers in the UK. All that we do is currency exchange which enables us to offer our clients a very personal one on one service. We will try and help you judge when may be a good time to make your conversion while always striving to make you a significant saving over the banks and any other brokers that you have been dealing with. Please feel free to email me at [email protected] with your requirements and I will contact you straight away to explain all the options that are available to you and how we can help you make a saving on your exchange.

Don’t delay as the longer you are currently leaving your exchange the more expensive it is becoming. If you need to buy the pound then rates are so attractive that we can explain your options as to how you may be able to achieve the best levels in months.

Ben Amrany