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US dollar hits record low against the pound

The US dollar tumbled against major currencies on Thursday, hitting a 26-year low against sterling and a record low against the euro as expectations grew for more interest rate cuts from the U.S. Federal Reserve. At one point, the pound rose as high as $2.1145, before falling back slightly to $2.1081

The low dollar is good news for people looking to buy property in Florida, with property prices in Florida already down by 30%-40% from 12 months ago, the weak dollar means buyers can currently find 4 bed properties in Orlando for under £100,000.

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