Sterling exchange rates rallied yesterday following positive results from both the industrial and manufacturing sectors. The good feeling was further assisted when Andrew Sentence, a member of the MPC (Monetary Policy Committee), hinted that UK interest rates might rise above the record 0..5% low before the end of 2010.
Further, a leading think tank the NIESR seemed to bring closer the prospect of the UK coming out of recession as they announced that their figures (although not official) indicated that the UK economy grew 0.3% in the 3 months to December 2009.
This all led to a real shot in the arm for the Pound, a trend which has carried on against most currencies this morning. For those needing to secure currency in the first part of 2010 this could be the window of opportunity you have been looking for. Call me free on 0800 328 5884 to get up to the second prices and find out what we can do to help you negotiate the market during these volatile times.
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