Sterling continues slide over festive period - will Sterling recover?

Sterling dropped to another record low against the Euro today dropping into the 1.03s and edging ever closer to parity.

This time of year presents rather volatile markets and you can see some great chances arise as movement of money is thin on the ground, so smaller data or smaller movements will have larger effects on the value of a currency.

Nationwide release housing price data first thing on Monday morning, and i'm sure regular readers can imagine the data is not exactly expected to be great.

Stores in the U.K seem to be having the biggest sales I have seen in years which just goes to show things are far from rosy for many large retailers, and Woolworths, MFI and the like may only be the start of bigger things to come..... again poor news for the pound.

The four things that effect the value of a currency:

1) Economic stability

2) Political certainty

3) Acts of terror

4) Acts of God

There isn't a huge amount we can do about factors 3 & 4 but if you have an upcoming requirement then the state of factors 1 & 2 in the U.K must ring alarm bells in your head????

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