Blog by Daniel Wright - Associate Director at Foregn Currency Direct

Should you find this information useful or have an upcoming currency transfer to make you need assistance with feel free to contact me either by calling my direct line 01494 787462 or by emailing me directly on djw@currencies.co.uk

Also feel free to take a look at my personal website updated daily - www.currencyinformation.co.uk

Wednesday, 3 June 2009

Sterling continues recovery - Currency update for overseas payments

Sterling has continued it's determined fight back at the start of June with green screens against most major currencies during morning trading today.

Consumer confidence came out overnight and was better than expected which again is another positive sign that the economy in the U.K may be slowly but surely pulling itself out of the mess that we found ourselves in.

Obviously a full recovery is an extremely long way away but signs are there that things are starting to improve over here - great news for those with properties abroad that are planning on keeping them alongside expats with pensions being sent over to their new homes overseas.

Alongside this, this is fantastic news for those of you that have been planning on buying that dream home abroad yet had your dreams taken away from you at the back end of last year, with Sterling closing in on parity against the Euro and early this year hitting the mid 1.30s against the Dollar.

The contined climb is once again making that purchase a possibility as you will now have a lot more to play with once you have completed your currency exchange.

Should you be unsure as to how to go about this or indeed how to maximise your money then by all means do get in touch with me on the numbers below and I will run you through the many options available to you, I deal directly with many agents overseas and this is my specialist subject so I will be more than happy to make what can be a daunting process simple yet efficient.

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

www.currencies.co.uk


Have a great day and thanks for reading!

Daniel Wright

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