Yesterdays trading saw Sterling once again lose ground against a basket of major currencies shortly after having a solid few days trading.
This may be down to a number of reasons but personally I believe it will be investors worried about todays interest rate decisions and the announcements that may follow - the last few months the Bank Of England have made further announcements on quantitative easing which has being taken as negative for Sterling and in turn it has lost value.
In this instance major investors may be profit taking in advance of this potential loss.
The currency markets can be very nasty and it is extremely easy to hold out for that extra 0.5% only to find you lose 3..... On a transfer valued at £100,000 this can make a difference of £2500!!
If you are unsure of how the markets may move or purely would like a chat about any upcoming transfers you may have feel free to contact me on the number below and I will be happy to assist you.
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
No comments:
Post a Comment