This morning we have continued to see Sterling Euro exchange rates hold steady and with a little improvement we are now actually closing in on a 20 month high following some positive data over the last couple of weeks and that there is still economic pressure in Europe with Spain now in the spotlight. However, The Item Club has stated this morning that the UK economy will stall until 2013 claiming the UK economy will only grow by 0.4% this year which does however mean that if we see this the UK will avoid a double dip recession. The Office for Budget Responsibility has stated they believe the economy will grow by 0.8% so the Gross Domestic Product (GDP) figures will be of critical importance and are released on April 25th. If you have a currency transfer to make ensure you speak to one of our experienced currency brokers today so they can discuss all the optional available to you so you can make the most informed decision as to when to buy currency and send money abroad.

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