The Consumer Price Index and Retail Price Index came out a lot better than expected which offers another possible set of 'green shoots' for the U.K economy.
Investors can only gain more confidence in the Pound following this data, hence the fact we have seen early morning gains against the U.S Dollar, Australian Dollar, the Euro and most major currencies.
Many of my clients will be pleased to see this, especially those with ongoing building projects abroad or pension/regular payments to make overseas as the past few months must have been nothing short of a nightmare when edging close to parity against the Euro and hitting the mid 1.30s against the USD whilst slipping below the 2 mark against the AUD for the first time in years.
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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