Tuesday, 20 May 2008

Sterling report 20th May

Sterling saw losses against the board again yesterday as once again there were concerns over our soaring inflation and the fallout from the credit crunch. Of late we have had a barrage of poor data which in turn has lead to further woes for the pound.

The GBP-AUD is edging ever closer to dropping below 2 and CAD now in the early 1.90s but be aware at present most analysts are predicting this drop will continue, and as mentioned yesterday a recession slowly becomes more of a possibilityu by the day, even in my local area I have seen quite a few businesses closing their doors, many that have been around for years.

If you have a requirement but not for a while, but have enough readily available funds for an 11% deposit, you can book out a rate on a forward basis for anything up to two years in advance.

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

www.currencies.co.uk


Have a great day and thanks for reading!

Daniel Wright

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