Daily Archives: February 10, 2011
BOE leave rates on hold – GDP figures from NIESR slightly better and analysts expecting 85% chance of a rate hike by May – Sterling strength against most major currencies
Some great buying opportunities have arisen this afternoon following the numerous reasons listed above, phones here in the office have been going crazy as people jump to take advantage of a spike in their favour, just today’s movement against the Euro makes a €400,000 property purchase nearly £3000 cheaper… taking advantage of movements like this can make all the difference!
I would expect this may well bring a little bit of positive feeling about the U.K and indeed the Pound in the short term but as you will know the pattern over the past few years has been that as soon as we look like we are heading in the right direction something comes back to knock the Pound right back down again, this may not happen however it is certainly something to be aware of.
