Pure FX Logo arrow Reviews On Feefo Pure FX Logo Exemplary Service In-Depth Knowledge We're Jargon Free Same-Day Transfers Better Exchange Rates Purefx_currency_exchange Personal Transfers Business Transfers Seller Transfers Get A Quote Register With Us Make A Transfer Trusted Brokers FCA Authorized Personal Service Contract Definitions Read Our Top Tips What Influences Exchange Rates Glossary Frequently Asked Questions Contact Us

Foreign Currency – Pound Improves on Back of Housing Market

Market CommentaryForeign Currency – Pound Improves on Back of Housing Market

The strength and weakness of a currency is invariably intrinsically linked to the strength of their property market and recent positive signs surrounding the UK property market has given sterling a boost in the foreign currency exchange markets.

According to a report on Reuters, the pound rose against both the dollar and the euro on the 9th of June amidst reports that the UK property market has shown tangible signs of stabilising. The housing market in the UK has a considerable bearing on the strength of the British pound and the fact that there are some signs that it is beginning to stabilise has inevitably had some positive ramifications for the strength of the pound in the foreign currency markets. The foreign currency exchange market is notoriously temperamental but with an expert knowledge of the currency exchange markets it is possible to garner a good understanding of the potential factors which will affect the various foreign currencies like the pound, dollar, euro and yen. The recent signs that the UK housing market may be set to regain some footing has come as a welcome relief to the pound in the foreign currency markets and it has managed to claw back some ground against both the dollar and the euro.

Foreign Currency Exchange – Knowing when to strike

For those looking to make large level foreign currency exchange transactions, it is imperative to do one’s research or speak to foreign currency professionals in order to establish exactly when the best time is to strike to secure the most favourable rates in the foreign currency exchange market. According to the report on Reuters, house prices fell at their slowest rate since November 2007 and this had implications for the strength of pound sterling in the foreign currency exchange market. Speaking to Reuters, Paul Robson of RBS stated, “The idea that data are getting better is helping sterling in particular and will help ease fears of more quantitative easing.”

Foreign Currency – A Question of Politics

It’s not just the property market that has an impact on the strength of the pound in the foreign currency exchange market as the recent turmoil surrounding Gordon Brown and the labour government also had a tangible impact on the position of the pound against other foreign currencies. According to the report on Reuters, the pound suffered from the Prime Minister being against the ropes but the fact that he was able to ultimately garner sufficient support saw the pound begin to regain its rise in the foreign currency market.

Searching for Foreign Currency Exchange or Advice? Speak to Pure FX Today

Here at Pure FX, we pride ourselves on our specialist service in dealing with international payments and the processes involved with foreign currency exchange. We have many satisfied private and corporate clients who can vouch for the high calibre of our service and the professionalism of our knowledgeable foreign currency specialists. To find out more about our foreign currency and international payment services, just take a look around our website, give us a call on 01494 671 800 or fill in our online enquiry form.

Get a Quote
Feefo service

What Our Clients Say

Read all the reviews at Feefo.com

Why Us

FCA Authorised E-Money institution

Authorised by the UK's Financial Conduct Authority, so you can rest assured that we’re handing your money responsibly.

Exceptional Service

We have received Feefo's Gold Trusted Service Award 3 years in a row.

Same Day Transfers

We can transfer your money to your destination bank account the same day you send it, once we’ve confirmed the payment details with you.

Competitive Exchange Rates

Competitive exchange rates and transparent transfer fees, so you know exactly what you’re paying for.

Dedicated Personal Service

To guide you through the transfer process and keep you up-to-date with the changing exchange rates.

Trusted Foreign Exchange Broker

Since we were established in 2006, we've transferred money for thousands of satisfied clients.

How It Works

  • 1. Register

    for a no obligation account
  • 2. Agree the exchange rate

    with your account manager over the phone
  • 3. Send us payment

    for the transfer of your purchased currency
  • 4. We transfer the currency

    to your nominated account