Sterling Euro Parity fast becoming a possibility???

The past week has seen further losses for the pound against a basket of major currencies, with the biggest victim being Sterling/Euro as has been widely publicised in the national media.

There are four things that may affect the strengh of a currency, they are as follows:

1 Acts of god

2 Acts of Terror

3 Economic Stability

4 Political certainty

As many of you will know there is not much that can be done or predicted about points 1 & 2 but just looking at the economic situation in the U.K with house prices dropping, huge companies going under and unemployment levels going through the roof it doesn't take a genius to see that although levels are bad now, there could be one hell of a long way to go yet!

Couple this with the fact that we will have an election at some point in the near future and points 3 & 4 really do spell out bad news for the future of Sterling!!!

There is a way to lock in a rate for anything up to two years in advance if you do have an upcoming requirement by means of a forward contract, for a small deposit you can secure your funds for anything up to two years in advance.

Feel free to contact me on 0800 328 5884 if you wish to discuss the way this works 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