Now is the time to buy.

Sterling cut a string of losses versus the Euro this morning with the single currency under broad pressure after Group of Seven nations surprised investors by expressing concerns on sharp swings in major currencies. However, sentiment for the pound still remained weak, analysts said, with structural problems for the British economy expected to dominate again once initial G7 market reaction fades. Analysts say pressure on sterling is expected to persist due to a poor economic backdrop, with growth concerns stemming from the crisis in global credit markets at the forefront of policymakers' minds after interest rates were cut to 5% last week. Right now Interbank is 1.2504

source IFX