The recent rise in the value of sterling against the euro has led to as much as a 40% increase in the number of Brits buying the European single currency. With the sterling euro exchange rate hovering at around 1.15 in recent days, many Brits who regarded this figure as a psychological trigger to exchange currencies have taken advantage of the 12% increase in sterling´s value within the last 12 months. One expert at Moneycorp , one of the leading foreign exchange specialists, whilst also reporting brisk activity, reckons that a large proportion of Brits are holding out for sterling to hit a level of 1.20 before committing to the single currency. It is thought that a change of government in the UK, added to an end to the current recession , could see that figure reached before the end of 2010, prompting thousands of potential British buyers to enter the Spanish property market. Related Posts Sterling on the Rise - Great News for British Buyers in Spain Sterling Exchange Rate Forces Spanish Property Buyers to Wait The Sterling Euro Exchange Rate – Does Anyone Really Understand?

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Sterling Rise Sees Brits Buying in Spain

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