Tuesday, 12 August 2008

Sterling hits 5 month high against Euro and Lowest rate since Dec 06 against USD

Good morning readers,

A quick update from what has been an extremely volatile week on the currency markets, seeing the pound hit the highest rate in 5 months against the Euro and drop to it's lowest point in 20 months.

Those of you with upcoming requirements may want to get in touch with an experienced broker to discuss the current movements and what data is due out in the near future that may affect your purchase.

A $200,000 property purchase would have cost £6000 less two weeks ago, not something to be taken lightly at all, especially in the current global credit crisis.

Please feel free to get in touch with me and I will happily talk you through the full process of sending funds abroad.

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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