By Leigh Smith

Sterling exchange rates have started off the month of February in pretty much the same fashion as January, with significant losses seen on the markets against the majority of major currencies both during yesterday and today’s currency trading.

The cost of buying US Dollars has increased 0.35% yesterday, and a further 0.2% so far this morning, meaning a total of 0.55%, or a difference of nearly $900 on a £100k Dollar purchase.