Relaxing breaks in South of France more affordable, as pound rises 4th November 2015
Are you planning to take a relaxing break in the South of France? If so, you’ll be pleased to hear that you’ll now get considerably more spending money when you rent a French apartment, because the pound to euro exchange rate is flying. Just today for instance, sterling has touched 1.41 versus the Eurozone’s common currency, just 2 cents below its strongest in 7 years, or since late 2008.
What this means is that, when you exchange currencies prior to visiting the South of France, you’ll now get a far higher euro total. For instance, were you to exchange £500 into euros to spend a week in the South of France, you’d now get €700, a full +€100 more than 2 years ago, back in January 2014, when the pound was far weaker. Hence, this will add greatly to your euro spending money!
After all, just think of all the things you could do with an extra €100 when you rent in the South of France. For instance, you could extend your holiday an extra day, rent a car and see what the French countryside has to offer, enjoy some authentic French cuisine, whatever you wish! In any case, this favourable exchange rate means you’ll be able to make the most of your France break.
Moreover, the pound to euro exchange could continue to climb, looking ahead. This is because the UK’s service, manufacturing and construction sectors all grew strongly in October, suggesting that Britain’s economic future is bright. In turn, this should lift the pound. By contrast, the Eurozone economy is yet to break out of first gear, which could weigh on the euro for the foreseeable future.
With this in mind, it’s truly the ideal time to rent a luxury holiday apartment in the South of France, thanks to the favourable exchange rate!
By Peter Lavelle at foreign exchange broker Pure FX http://www.purefx.co.uk
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