Released on = April 26, 2007, 6:14 am

Press Release Author = Caxton FX Ltd

Industry = Financial

Press Release Summary = Two dollar pound results in renewed interest in US property

Press Release Body = Two dollar pound results in renewed interest in US property

For the first time in 15 years, Sterling powered above the $2 mark as UK inflation
figures exceeded forecasts. With the US property market also experiencing a
downturn, Caxton FX is experiencing an unprecedented demand for US currency. Popular
holiday destinations, including Florida, are now comparatively cheap.

The UK inflation rate accelerated unexpectedly in March to its highest since records
began. This data coupled with expectation of a further interest rate rise pushed the
pound above the $2 level for the first time since September 1992. Fifteen years ago,
Sterling peaked at $2.0100, a rally that ended with Britain being forced out of the
European Union's Exchange Rate Mechanism.

James Hickman, director of Caxton FX, comments, "We have experienced an influx of
both companies and private individuals looking to take out Forward Contracts. A
small deposit is paid after which the rate is locked in for a year, giving investors
ample to time to source a suitable property. The combination of a $2 pound and a
downturn in the US housing market, fuelled by the collapse of the sub-prime lending
market, has resulted in bargains for UK investors. However, we would caution
investors to do their homework before leaping into the US housing market. Many areas
have been over developed and will, therefore, experience low capital growth for the
foreseeable future."

For further information, please contact:
James Hickman, Caxton FX, Tel: 0845 658 2223, E-mail: james.hickman@caxtonfx.com

For press information (not for publication):
Lana Wrightman, Tel: 020 3022 5063, Mobile: 07725 95 1310, E-mail:
pr@lanawrightman.com

Web Site = http://www.caxtonfx.com

Contact Details = Caxton FX
28 Eaton Row
London
SW1W 0JA