Sterling enjoys a fine week against Euro and Dollar

Sterling has continued a fine end to the week following growing concerns regarding the economy in Greece and the effects it may have on the Eurozone as a whole.

The Pound rallied against the Euro and a basket of major currencies in early morning trading and at the time of writing this Sterling/Euro was at a four month high – A welcome change in luck for those with upcoming property purchases.

European Central Bank President Jean-Claude Trichet said on Friday Greece had much work ahead to resolve its fiscal issues, after highlighting the fiscal challenges to a number of euro zone countries at a news conference the previous day.

This may well limit upside movement for the Euro in the short term so could create some excellent buying opportunities over the coming weeks, that paired with the huge drop in property prices overseas all means investors and people due to emigrate win both ways at present.

Ask Daniel Wright from Foreign Currency Direct for more details on 0800 328 5884 or UK 44 1494 725353

Tags

Comments

Add a comment