UK Gross Domestic Product (GDP) figures have just been released and it has confirmed that the UK is in recession as we have now had to two consecutive quarters of negative growth. As a result of this negative news we have seen Sterling exchange rates fall against all the major currencies including falling back from a 20 month high against the Euro. This unexpected news goes to highlight how uncertain the currency market can be and as a result we could now see the Pound fall against most the major currencies over the course of today and the rest of the week.
If you need to transfer money abroad and are looking for excellent exchange rates call us today so our experienced currency brokers can explain the options available to you and ensure you can make the most informed decision on when to trade. You can speak to a currency expert on our freephone number 0800 328 5884 or email in your enquiry to firstname.lastname@example.org.