With the value of Sterling falling to a ten-month low, leading foreign exchange company Currency UK warns that until political speculation regarding the General Election ends, Sterling will continue to experience extreme fluctuations in its value.

The recent announcement by the Bank of England that interest rates are to be held at a record low of 0.5 per cent for the 12^th consecutive month have also added to the uncertainty on the foreign exchange market.

The rate of the pound is very low and the continuing fluctuations are causing huge fiscal uncertainty for companies trading overseas, compounding the impact of today’s recessionary climate.