Currency Devaluations Support Overseas Property Purchases

Will the continued Rand [ZAR] devaluation trigger renewed interest from overseas buyers in the South African residential property market? In the past year the Rand has weakened by over 13% and is now at its highest against Sterling since January 2009 giving the overseas property purchaser more buying power and making owning a holiday home […]

A Mixed Week In The Currency Markets

Sterling remained steady over the bank holiday weekend after a better than expected services sector PMI, the highest since the Olympic Games. This represented the fourth monthly rise and shows that whilst slow, the UK is showing some green roots of recovery. Marc Morley-Free, Head of Private Client Business at Smart Currency Exchange said: “This […]