Currency weekly: best rates for brits buying dollars in three months

British property buyers are facing the best rates against the US dollar in three months, according to Currency Index.

The currency broker reports that although the UK economy is weak, the pound has stayed strong - because the Euro and US dollar have stayed weak too. Further debates among countries about whether Greece should exit the single currency is only adding to the Eurozone confusion.

"With the September decisions about Greece's bailout looming, there still appears to be no common policy emerging from Germany, let alone the rest of Europe, as to what will happen next," comments CEO Robin Haynes.

But the result is good news for sterling, with the American Federal Reserve's plans to inject more money into the economy giving UK investors options on both sides of the Atlantic. But buyers should act quickly to secure a low exchange rate, warns Currency Index: "How long these rates can last is of course unknown, but continued economic gloom in the UK will surely start to manifest itself in a weaker Pound at some point soon."