Sterling started the new month on the front foot, reaching a fresh 3-year high against the dollar yesterday.
As we reach the midweek point, the pound has eased slightly against both the euro and the dollar amidst continued concerns around the Covid-19 variant first identified in India and any potential delays to the final stage of the roadmap.
Nonetheless, sterling is still stronger than both this time last week and last month.
Also in the news, we have seen that UK house prices have once again surged. Prices rose 10.9% year-on-year in May, the fastest annual growth in almost seven years.
So, it really is a seller’s market at the moment – perfect for those looking to sell up in the UK to buy abroad (I’m sure the sunny weather has made us all consider it!).
If you are thinking of purchasing a home overseas, do take a look at the How to Emigrate Guide. It’s a really useful step-by-step resource to help you through your move, from planning and budgeting to settling in successfully.
But as with any big purchase, security and peace of mind about your money is what matters most. The property market may not stay this hot for long, particularly as restrictions begin to ease further.
By locking in today’s rate with a forward contract, you can secure your budget and plan accordingly. Your trader can talk you through all of this. Just give them a call on 020 8003 4915.
