Sterling has lost a lot of ground against nearly every single currency including 1.66% against the Euro as I am writing this. This could be a difference of nearly £2500 on a £150,000 purchase!!!
We also saw the Federal reserve slash interest rates again over in the U.S down to between 0% and 0.25%. This decision bought some instant Dollar weakness but as what seems to be the case on a regular basis this small spike has not lasted. At the time of writing this report Sterling has lost 1.53% against the Dollar... Not good news!!
If you have an upcoming transfer and are unsure of what is set top come in these extremely volatile markets then feel free to contact me and I will be more than happy to assist.
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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