Sep02
Sterling experiences further weakness
By Alex Ellis
Sterling exchange rates experienced further losses this morning following weak house pricing data, this is the second month in a row that house prices have fallen and the source of the data, Nationwide outlined that this is the first time that prices have fallen for two consecutive months since February 2009.
This is the first real sign that the UK economy is beginning to slow and is starting to show signs similar to the US that a double dipped recession may be on the horizon.
In order to protect yourself whilst conducting any currency exchange use Currency Line to contact an experienced currency broker who can help to guide you through the process.
Archived in: British Pound, Euro, US Dollar









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