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Buy Holiday Money Now As Pound is Going Strong

By Carie Donna Subscribe to RSS | May 17th 2012 | Views:
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From past sometime now, the exchange rate of pound at present is better than euro as well as dollar. Because of this very thing, the experts are of the view that it is best time that the people should start stocking up their holiday money right away. But there is one question that is pound going to get all the more strong any further as well as which is the best way with the help of which pound can be made more stronger.

Because of the troublesome crisis in the euro zone the value of euro has come down against the value of pound in the past few months that have gone by. This thing very clearly means that people who are spending their holidays in Europe this year, are going to more value for their money and will get more thing in comparison to the people who went their last year.

The people who had bought 100 pounds of euros in the present time can procure 122 euros for their own money, in comparison with the 111 euros in the month of July in the year 2011. Those people who are going to the United States Of America can procure 160 dollars for their 100 pounds, in comparison with the 142 pounds in the month of May in the year 2010.

Stephen Hughes, who works as the director of is of the view that the exchange rate sterling this time is the best in quite a lot of years when out up against the other main currencies of the world. But in addition to this good news he also issues a warning that since this is having an effect on the exports sp it is quite possible that the government is going to reduce the power of the pound.

He further adds that we are giving an advice to those people who are looking to exchange the sterling after looking at the power of the pounds, they should do it as soon as would be possible. It is also possible that they can do a contract in this regard now at the current exchange rate and should consider again if they want an extension of it or not. For more information at here payday loan @ http://www.paydaytextcouk.co.uk/

On the contrary, Chris Towner, who is working as a director at currency broker HIFX, was of the view as the strength of pound is looking good in the present time, its value is going to go up all the more.

Carie Donna - About Author:
Carie Donna is a financial adviser in UK, He wrote a article on financial loans services, www.paydaytext.co.uk and payday text

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