Sterling has started 2009 just as it finished 2008, losing ground against most major currencies, at the time of writing this update Sterling had lost 1.27% against the Dollar and 0.85% against the Euro.
With an interest rate decision looming next Thursday and it being quite widely known that the Bank of England will be looking to cut rates which generally has a negative effect on the strength of a currency and the markets move on rumour as well as fact, so although the rates are not exactly great at the moment there is every chance that they could be a lot worse this time next week.
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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