Currency Rates
EURO/GBP - 1.120
US$/GBP - 1.625
CHF/GBP - 1.655
CAN$/GBP - 1.681
AUS$/GBP - 1.754
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Comments: Sterling benefitted from two pieces of positive data. Firstly the trade deficit narrowed more than forecast and secondly the British Retail Consortium which conducted a survey on high street spending for December reported much stronger than expected expected sales both before and after Christmas. So perhaps we are beginning to see the end of the recession here in the UK. Elsewhere we saw commodity backed currencies have a pull back after China stated that it was raising banks reserve requirement which raised concerns that we may see a fall in their imports of commodities.
Note: All rates are mid market inter bank and indicative at the point of publication.
To get an initial estimate of the cost of a property simply DIVIDE the price of the property by the appropriate currency rate noted above.
Weekly Update on GBP, EUR, USD & Commodity-Backed Currencies
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Disclaimer
Exchange rates can move very quickly. The above rates are valid at a moment in time. We have no crystal ball and we recommend that if an exchange rate works for your budget then don’t wait for an even better exchange rate - Murphy’s Law says the rate will go against you and cause you maximum pain! Suggestions should not be taken as advice or fact.
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