Buying abroad and the Euro

ringers

Hi we are looking to buy in France,
What do you all think about the xchange rate.
Will we get back to 1.40 or 1.50 to the pound?
What do you think is the best we cn expect?
Ta

Blacksheep1979

yes it will go back to >1.4 - when, who knows?

ringers

Thats what I thought!!!

I think the government is keeping the pound weak so exports to Europe are cheap and keeps UK money in the UK. Only problem is I don't want to wait until after the recession.

I was thinking, if I get a Euro mortgage and receive any rental payment in Euros, with which I pay the loan, does it matter what the exchange rate is? apart from the initial lump sum.

martindow

If we knew what was going to happen to exchange rates in the future we would all be gambling on the markets to make our fortunes (and we wouldn't be telling other people what the rates would be).

I suppose the only advice is to make sure that you don't overextend yourselves and maintain a cushion of money to protect yourself from unfavourable rate changes. Don't stretch yourself assuming that rates will go back to 1.40 !