Daily Archives: April 28, 2010
Pound Sterling Euro – What will happen?
Nobody knows for sure precisely what is going to happen in the coming weeks with the election looming, credit rating downgrades and serious economic problems in the Euro zone and Greece potentially due to be joined by a host of other economies in the Euro Zone announcing all isn’t too rosy.
I personally think that the Pound will slowly climb in the coming weeks against the Euro as there are just too many problems for them as a whole now and the U.K may be (all be it pretty slowly) coming out of our troubles.
As the Pound only has the British economy to move off of and the Euro has so many different economies to factor in Personally I think this will eventually hinder the Euro and cause some big arguments going forward.
If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just fill in the contact form and I will be in touch with you shortly.
Problems in Greece and Spain dent investor confidence and the pound
Credit ratings have been the key focus for European Markets over the last few days. Greece was downgraded to Junk status, and Portugal to -AA. Today S&P has down graded Spain to AA. While this ultimately has more effect on the Euro, sterling has also suffered as investor confidence is effective.
If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just fill in the contact form and I will be in touch with you shortly.
