The US dollar moved higher overnight after Donald Trump confirmed that he would renege on the multilateral treaty limiting Iran's nuclear production. It was not an instant reaction though: there was much confusion before and after the announcement. There had been a general expectation that Trump would walk away from the deal, reimposing sanctions on Iranian oil exports. Even so, the price of oil dipped ahead of the announcement, rising only after the president had said his

Buyers of Sterling are few and far between and that is certainly true for overseas property buyers as the mid-April highs of $1.45 and €1.16 fell away dramatically to the lowest rate since January. Could this be the start of a torrid few months? Is it possible that the pound could fall further? The pound weakened by over seven cents against the US dollar and over 2.5 cents against the euro in April. As if this wasn’t bad enough news, the signs are that it could be the start o