Pound could strengthen against euro-060808

The British pound could strengthen against the euro over the next few months, it has been suggested.

According to Homes Overseas magazine, foreign exchange company Mercury FX believes the single European currency is likely to lose value in the near future.

This, it said, is because investors are increasingly being put off the eurozone because of the current exchange rate.

In addition, the publication stated that the global slowdown is having an adverse effect on the eurozone economy.

Commenting on this development, Homes Overseas said this could be good news for overseas property buyers who are looking at buying a property in the region.

The magazine remarked: "The cost of buying property in the eurozone will fall if the UK pound does indeed strengthen against the single European currency."

According to a recent poll by A Place in the Sun magazine, traditional eurozone hotspots such as Spain and France are still the most popular locations among British buyers.
 

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