The pound initially opened last week’s session on stable footing as GBP investors welcomed Scotland’s lifting of its remaining coronavirus restrictions.
Currencies Direct, the UK's number one non-bank provider of international payment services and commercial foreign exchange, has released its latest Global Money Movers league table today. The league table sees Canada re-enter for the first time in two months, signaling the beginning of a much anticipated property boom.
The Global Money Movers league table is based on the number of foreign exchange transfers undertaken by Currencies Direct during any given month, therefore indicating current property hotspots for Brits buying abroad.
The Canadian property market experienced 9.4 per cent growth in house prices during 2006, proving to be an attractive investment option for British buyers. An increasing number of Brits are now also taking advantage of the favourable Sterling / Canadian Dollar currency rate, enabling them to get more brick for their buck.