Sterling exchange rates weakened against a fragile Euro today as Rightmove, the UK's largest property website stated that asking prices in England and Wales fell by 3% in the last month. You would imagine that the fall in asking prices may be a seasonal dip but it has highlighted the fragility of the property sector. The housing market is one of the biggest sectors in the economy and it cites further economic instability for the UK. The big question has to be will the drop in house prices continue into 2011 and if so will it weigh on sterling exchange rates? My prediction is yes so if you have a requirement coming up in the 1st quarter of 2011 then it may be wise for you to get in contact with us and we can explain how we can make you a saving of up to 4% over a high street bank. Tomorrow we have the release of the RICS housing survey and if that replicates Rightmove it is likely to put the pound under more pressure. In the short term though comments made from a Bank of England policy member has to be the most worrying thing for anyone who requires selling the pound. He stated that the BoE may have to restart their QE programme if economic growth in the UK slows or if the debt issues in the Euro Zone has a detrimental effect on the UK. On the back of the comments by the policy maker