Euro is a bargain for Brits buying in Spain

Buyers of Spanish property can now get a bargain rate right now as today’s rate of the Euro is at 1.45 to the Pound and the imaginary 1.50 exchange rate is improbable to be seen in the near future.

This is the opinion of currency expert, Alistair Sweetman, who is convincing British buyers of Spanish properties and other Euro zone countries to fix their currencies immediately before purchasing a property.

“The U.S. Federal Reserve’s rate hike of 0.25 percent on August 9 did nothing to aid the Euro and this drove the oil and interest rates to the currency market,” says the foreign exchange consultant with the Halo Financial Ltd., Alistair Sweetman.
The company provides several information, such as information and currency exchange service, to aid in the buying of properties for foreign clients and to make sure that the clients buy their properties in the right time, what with the problems in currency exchange rate.

Alistair even said: “Timing helps a lot in foreign exchange. Not one can alter the currency exchange rate to do as he pleases so the best option that we’re looking at right now is to predict expected market moves and use the exchange rate when they are at their peak.”

“At this particular moment, currency traders are prodded by the currency exchange rate flows, which has resulted from the oil price being at 22 year high and the discovery among international investors for their best yield on international rates.”

Alistair Sweetman even said: “We are expecting to purchase Spanish properties on the UK based European property buyers with euros at better with 1.45 to the Pound in the coming month and we are asking clients not to lounge around and wait for the 1.50 that seems to make people be hooked to this amount.”

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Euro is a bargain for Brits buying in Spain

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