Sterling has started the day off without any major movements against the USD, EUR, AUD or NZD but quite a big movement has been seen against the ZAR.
Already in early mornings trading Sterling - Rand has gained nearly 1% which is quite a significant movement, and could mean quite a large difference on the cost of any upcoming purchase.
Data due out today includes some manufacturing data out for the U.K at 09:30am - following the extremely positive PMI (Purchasing Managers Index) release on Monday which caused Sterling strength, i would expect this release to also come out a little better than expected which could lead to further Sterling strength - although the currency markets do like to surprise us so be aware that anything can happen!!!
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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