Wednesday, 7 October 2009

Euro Rate dropping again

You may think I’m said, but on a daily basis I check the €/£ rate of exchange on the BBC business website, and yet again over the past few weeks the rate continues to slide downwards.

When I first bought the house in France the rate was around 1,52€ to the pound. This made French property very attractive as in the rural parts of France the house prices were generally low anyway.

Now, the rate is virtually €1 to £1 and the price of local taxes etc continue to rise.
I was expecting a steady rise in the rate in the second half of 2009 but this does not appear to be happening with regular doom and gloom news being released about the UK economy.

Come on the pound – rally again and lets start having some good news!
Anyone have any thoughts about the rate of exchange over the next few months??

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