Sterling has again lost ground over most major currencies during the course of today, losing 0.32% against the Euro 0.10% against the Dollar, 1% against the AUD and 0.69% against the NZD.
It further proves that no matter how much some of the major figures try to gloss over the situation, the U.K economy is not is a great place right now, and as many of you will know when an economy is in a situation such as this, it tends to have a negative effect on the currency side of things as well.
Although it has been widely published that there is a chance that the BOE may not cut rates in June, Sterling is still weakening so if you do have an upcoming requirement get in touch with me today to discuss the best variety of options available to you including forward contracts, limit and stop orders.
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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