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With Britain facing it’s most severe austerity measures in recent times it is very possible that the Pound is going to fall over the short to medium term.

The budget cuts are proposed to come in on the 20th October and with Dollar rates nearly pushing in to 1.57 it may prove a very attractive time to buy Dollars, along with many of the other major currencies. Sterling has held it’s own against the Dollar and against the Loonie, compared at least to the Euro which has slipped into the 1.17s for the first time and hit a 4 month before the end of play yesterday.

I would expect Sterling to drop across the board before Christmas and whilst levels remain high against the Dollar and respectable against the majority of other currencies it seems to be a very attractive time to look at selling your Sterling.

If you have specific requirements, get in touch with a Currency Broker to discuss the best way to save you the most money. Call on our FREEPHONE number 0800 328 5884 or email me jfm@currencies.co.uk for bespoke correspondence on your requirement.