Is now the time to buy?

Now is the time to buy!

USD moves higher against the pound.

Just as I was talking about where to keep your rental profits only
two days ago! It seems the dollar has rallied and done us a favour.

Larry Elliot, Guardian.
"The pound fell to its lowest level against the US currency in
almost two years on expectations that the Bank of England will be
forced to cut the cost of borrowing to boost growth. A pick-up in
US industrial production also helped a resurgent dollar and pushed
down the price of oil and gold on global commodity markets.

The pound closed at $1.85 on the foreign exchanges. It is down 6.5%
since July, a move that will make it more expensive for British
holidaymakers to visit the United States but will make UK exports
cheaper to the world's biggest market.

Michael Saunders at Citigroup said: "Sterling remains vulnerable,
especially against the US dollar. The pound averaged $1.55/£ over
1993-2002 and it would not be a surprise to see a return to those
levels in the next 12-18 months."


So what does this mean for us? Well, it seems that now is a great
time to buy. There is a period of strengthening for the dollar and
who knows how long this will take, but one things for sure, its
better to have your money in dollars than in pounds regardless of
how you do it!

Good luck with all your investments

Ollie
ollie@usapropertyinvestor.co.uk
0845 438 0634