Cretan-homes, Crete property estate agents

Sadly there is not much to report from a currency point of view in terms of any major good news if you are buying Euro as the Pound is still struggling in the short term.  However the good news is that due to the uncertainty surrounding commercial markets as a whole, there have been some quite big shifts in the exchange rate as and when data is being released that is different to what analysts have expected.  For example just last month one of the members of the Bank of England’s Monetary Policy Committee surprisingly voted to raise interest rates in the UK which caused the Pound to gain 1% against the Euro in a few hours.  Put into context this is €1,000 saved on a property worth €100,000!  It is all a question of timing and being able to spot a great buying opportunity in what may at first glance appear to be a negative market- if you time your transfer correctly and buy during a positive spike it could save you huge sums.

The Sterling rates may be lower than desired at present but many people that are serious about maximising their money have been taking advantage of limit orders whereby the client can select a target rate which, if it becomes available even only for a short period, will be purchased automatically at that rate.  This will ensure that you can take advantage of the recent short lived positive spikes in the value of the Pound.  If you would like more information on the specifics that may be affecting the currency markets, such as impending interest rate decisions, please visit www.currencies.co.uk and go to the daily market report section or alternatively register free of charge and with no obligation at http://www.currencies.co.uk/open-an-account/register.asp and quote Cretan Homes.  If you would like more information on currency movements or the types of contract that may suite you please call either 0800 328 5884 (UK only) or +44 1494 725 353 and ask for Colm Gilhooly or e-mail him on This e-mail address is being protected from spam bots, you need JavaScript enabled to view it