The pound has continued to be “range-bound”, as they say, against the euro, as it has been for almost a month.
Against the US dollar, sterling has continued to fall and is today close to its lowest point since December, when the Omicron scare was at its worst.
Given the myriad risks currently in play, not least in the Ukraine, the pound really could go anywhere right now and it is impossible to have any confidence in your currency. Therefore, if you have any plans to buy a property abroad, or have a major transaction from abroad, we would strongly advise talking to your trader on 020 8003 4915 and locking in your rate.
In stressful times for the world, if you have any friends or family who might want to protect themselves from currency risk, do refer them to us here, we would be delighted to help in any way we can.
In the UK, we have heard this morning that house prices in the UK have continued to shoot up by 12.6% in the past year, and nearly 1.7% just in the past month.
So if you feel like using some of that wealth to buy a place abroad, do come along (virtually) to Your Overseas Home on 26 March.
