A recent run of good data has helped lift the UK Pound to a 4 month high and with high UK inflation data out this morning followed by the UK (hopefully) exiting recession next Tuesday with 0.3% quarterly growth expected, we could be in for further Sterling gains.
This is extremely news for all buyers who have been waiting for the New Year to make that life changing decision of buying or investing in a property in France.
Also, any British sellers looking to move Euros back to Sterling need to take advantage of the current levels as the rate is expected to get back to and above 1.20 later this year. Not everyone is in a position to lock into a rate now (on a forward contract) but it is definitely worth discussing your currency exchange options as someone selling €200,000 will achieve over £5k more today than they would when the rate hits 1.20.
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