These losses/gains could mean a huge difference on the the cost of any upcoming foreign currency transaction to or from the U.K you may have and if you are worried that you are close to slipping over your budget then feel free to get in contact and I will be more than happy to explain the various options available to you.
The early morning losses were due to RBS announcing their yearly losses - the largest corporate losses in the U.K's history (£24b). This is obviously further bad news for the U.K and with large companies entering administration on a daily basis alongside unemployment levels rising and house prices falling, anyone who thinks the worst has passed must not be looking at the same things I am.
I believe there is still a lot more to come from this crisis in the U.K and heard recently on the radio that 1 in 5 companies in London have made a member of staff redundant in the past 3 months - again this is extremely worrying for the U.K and indeed the Pound.
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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