Date: From 13th to 15^th January 2012

Where: Earl court: London

Don’t miss it : http://www.thefranceshow.com/

Sterling Euro is trading up at around 1.19- a 10 month high. If you are thinking of purchasing a property in France it may be the right time to purchase your currency now.

http://www.latitudes.co.uk/french_currency_fx_traders.php

The £ sterling has leapt to its highest level since March 2011. Its rate this morning was over 1.18

The exchange rate £ sterling/Euro is to its highest levels since March 2011, however the market is volatile so it is impossible to know what will happen in the future. If you are thinking of purchasing a property in France it may be the right time to purchase your currency now.

For further information: http://www.latitudes.co.uk/french_currency_fx_traders.php

Some good news:  The British Pound has reached  a 2 month high against the euro today.

Today, the  €  fell to its lowest against the £ in 18th months…  over €1.20 for a £… it might be the right time to have a look at investing in France… great properties and good prices.

The number of Brits buying euros for property purchases has increased in the last few days after sterling reached a rate of €1.15 for the first time since August 2008.
Foreign currency broker World First has seen a 40% increase in clients buying euros, while new enquiries have shot up by 24%.
“A number of our clients in the market for euros are taking advantage of the improved exchange rate and buying their euros for overseas mortgage payments, property purchases etc now,” World First’s head of private clients, Elisabeth Dobson, told OPP.
“They are delighted to be getting a rate that is up to 12% better than the lows we have seen over the last 17 months. There are a number of clients who will have been holding off on property purchases and overseas investments due to sterling’s weakness against the euro. This rate move will certainly spur people on.”
A run of economic good news from the UK, including a fall in unemployment, rising inflation and an anticipation that the country is out of recession, has helped increase the pound’s strength. Meanwhile, economic problems in Spain and Greece have weakened consumer confidence in the euro.
Continuing improvements
Not all currency brokers have seen a substantial increase in business. “€1.15 is a bit of psychological barrier but most clients are still waiting for the magic €1.20 number,” Marc Morley-Freer, commercial director at Moneycorp, told OPP. “After the UK election we could see improvements that could push people to make lifestyle purchases – things are too uncertain before then.”
World First’s chief economist Jeremy Cook remains bullish following sterling’s 9% growth over the last year. “I don’t think this run in particular will last because it has happened so quickly, but the pound could be up to around €1.22 by the end of the year,” he told OPP.

Source: OPP- http://www.opp.org.uk/