This is better news for Sterling following last weeks GDP data though has made little inprovement on the strength of the Pound so far today.
With this data alongside retail sales and mortgage approvals all coming out positive and Sterling still refusing to shift back in the right direction it starts to make me think that there is just no confidence at all in the Pound at present.
Usually Sterling would strengthen off the back of these releases however it has made little progress against a basket of major currencies so should you have an upcoming transfer it may be prudent to start considering your options as any bad data releases may well push the value down a lot further.
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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