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Buying Euros for a French house purchase
Statto
Posts: 21 Forumite
I'm just wondering if this is the right forum for my question.
I am buying a house in France for Eu 190k with completion 29 Feb 2008. I bought the Euros for the deposit last week from Moneycorp and paid just under 1.40. When I put my offer in back in August the rate was 1.44. I have to buy the balance before Feb and don't know whether to buy forward now or wait and hope the rate improves.
One commentator thought the £ might fall to 1.20 with all our economic bad news. Do I buy now or wait and see?
Anybody got any thoughts?
Statto
I am buying a house in France for Eu 190k with completion 29 Feb 2008. I bought the Euros for the deposit last week from Moneycorp and paid just under 1.40. When I put my offer in back in August the rate was 1.44. I have to buy the balance before Feb and don't know whether to buy forward now or wait and hope the rate improves.
One commentator thought the £ might fall to 1.20 with all our economic bad news. Do I buy now or wait and see?
Anybody got any thoughts?
Statto
0
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