Despite our unique political circumstances, the pound has been steadily creeping towards the elusive rate of 1.20 €/£. Throughout the recession, many experts had been predicting that we would achieve this rate by the end of the year for the last two years, although it does now seem to be approaching reality. Whether this will be a long term rate or not will remain to be seen. Currency dealers are expecting this rate to trigger a lot of forward contracts of currency purchases, and therefore may see a sudden boost to French property purchases...which may also trigger sales, and act as a wider catalyst to the French property market.
To track the currency rate, here are some currency dealer websites: www.smartcurrency.com www.hifx.co.uk
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