Nick Fullerton, MD of FC Exchange, said: “Sterling is making real gains against the Euro for the first time since Christmas. The Bank of England left interest rates unchanged yesterday which helped the Pound claw back ground on the Euro even though the European Central Bank has also held interest rates. The Euro was also hit by a report that European and US policymakers welcomed the increased strength of the Dollar.
“Now might be the last chance to realise the gains you have made if you own property in a Eurozone country and cash in before the Euro slides further against the pound and the Dollar.”
People with property in the Eurozone or funds currently held in Euros might consider the following options in the current climate, according to FC Exchange:
• Repatriate your funds now, Sterling’s recent gains may signal the end of the Euro’s dominance.
• Put in place a stop loss contract and limit order to make sure you get the best value and insure yourself against the pound falling in value again.
