The shine has come off sterling over the last few days, maybe something to do with all the rain. The pound slipped around 0.5% against most major currencies yesterday and looks increasingly unlikely to regain those heady levels of late March against the euro any time soon.
It’s a case of “good news and bad news” – the good news is that Europe has upped its game on vaccines and we can probably travel there easily in the next few weeks. The bad news is that Europe has upped its game on vaccines so the UK has lost its relative economic advantage.
Even the normally cautious Pasteur health institute says that France should be looking at an almost complete end to restrictions over the summer.
You can instantly spot the British summertimes on a 10-year GBP-EUR currency graph because it’s usually where the graph dips alarmingly and sterling is at its weakest. Correlation doesn’t necessarily mean causation, but it’s certainly something to be wary of, this year especially.
So do please call your trader on 020 8003 4915 to lock in your rate for complete peace of mind if you’re planning to buy abroad this summer.
On that subject, our partners at Property Guides have an excellent guide to Your Property Viewing Trip which I’m sure you would find useful. Download it here, and you’ll be ready to roll.
