Although house prices had remained high, it doesn't prove a lot as although people can ask what they like for their property it does not mean they will achieve it.
Even though some expectations for a rate cut in June are starting to disappear, the pound has still found it very hard to improve, as credit crunch woes are strangling confidence, some analysts are now well and truely braced for recession.
"The UK recession will be deep and prolonged and so will be pound's performance," BNP Paribas said in a note to clients.
This is yet again not great news for those of you with upcoming purchases, please feel free to get in touch if you wish to iscuss the options available to you for securing a rate in case it continues to get worse as expected.
This is a brief summary of todays report. Click here to read the full report on our main website
If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me
Have a great day and thanks for reading!
Daniel Wright
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