Sterling is currently up by 0.21% against the Euro which is better news than I imagined I would be giving to those of you that look to these posts for regular updates.
The Pound has indeed lost ground against a basket of major currencies over the past few months with the AUD and the NZD rates being hit the hardest, certainly not great news for those still in the U.K looking to emigrate ast some point in the near future.
All eyes for tommorow will be on the Bank of England minutes announced tomorrow at 09:30am which are expected to give an overview on the quanititative easing programme and any further mention of more in the future may lead to even more Sterling weakness.
This is one of the main factors pushing down the Pound as at present we are seeing other economies announcing that their recession is over, yet we are potentially still throwing money at the problem and money that is seemingly going down the drain??!!
Certainly a rocky week ahead for the Pound and I will ensure that you are updated as to movements in the morning however do call if you would rather speak to me in person.
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
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