My comments in a recent press release seem to have hit the nail on the head as although Sterling saw minor confidence yesterday following the Bank of England minutes there are still so many more things to consider before we see any strength.
Daniel Wright, Trading Floor Manager at Foreign Currency Direct plc stated: “Although in the short term this has bought minor confidence in the Pound there are quite clearly many underlying problems with the U.K economy that need to be resolved. There seems to be a focus on Britain’s economic imbalances at present which may well lead to further Sterling weakness in the coming weeks.”
Anyone with upcoming purchases using GBP may want to seriously consider their options as it looks like the pound is only heading one way at present.
This is a brief summary of todays report, should you wish to make a currency enquiry Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. 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