Are we over the worst? Sterling rises sharply
Sterling jumped to a five week high versus the euro today boosted by rising equity markets, as the ‘unrealistically’ high single currency continued to devalue – just as we suggested earlier this year.
The pound rose from an opening level of 1.1108 euros to 1.1236 euros – it is the first time in 5 weeks that the currency has traded above 1.12 euros.
More on this story here.
With a prevaling wind and a downhill ride – perhaps the worst is over for UK buyers in France.
Sunday Papers still advising a good time to sell in France Do you have a holiday property or investment property in France ?? Papers are advocating selling (if you are inclined) very soon.? They argue that the euro is now likely to weaken against pound sterling so you get more sterling.....click title for details
One big advantage for existing French Property Investors (from the UK) is that they are already sitting on good profits on their French property thanks to the strength of the Euro.In the last six months the Euro has increased in value by about 10% against sterling (six months ago it.....click title for details
