Dollar 'unlikely to fall further against the pound'

People considering investing their private wealth in US markets have been told that the dollar is unlikely to drop any further against the pound.

According to an overseas property expert, now is as good a time as any for Brits to consider overseas investments in the North American market.

Les Calvert, director of Property-Abroad.com, predicted that the dollar is unlikely to fall any further against the pound, meaning investors do not need to wait any longer before purchasing property or other assets.

He recommended anyone interested in purchasing US property to pay close attention to the exchange rates, as they are a key factor in determining the final sale price of real estate.

"Obviously the currency exchange rates are an excellent factor to gauge what you are actually paying out there," Mr Calvert said.

"With the way that the dollar and the pound are at the moment, it is as good a time as any to start looking at buying over there. I don't anticipate the dollar to drop much further against the pound."

He was speaking after research from the National Association of Realtors in the US showed that pending sales of property in the US have reached their highest level in 19 months.

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