Corporate foreign exchange news

Published by Jamie JemmesonBritons are increasingly interested in US real estate now that sterling has risen from historic lows against the dollar, according to PropertyShowrooms.com.Following recent research marking a boom in interest in US property, Terry Hobbs, media manager of the international property site, said there has been a spike in UK enquiries about US property over the course of the last month.He said that in the last three weeks, there has been around a 12 per cent rise in enquiries during this period.Mr Hobbs explained that Britons are coming to realise that the improving exchange rates on foreign currency can deliver big savings when they are considering a foreign property mortgage or buying an overseas property outright.He explained that for buyers spending around $200,000 on a US property, savings would currently be in the region of $16,000 against buying a property at sterling's low point last month.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site