Pound predicted to gain on "positive signs" for economy
Positive indications for the UK economy are likely to lead to a strengthening pound, it has been suggested.
Those considering an investment in property overseas could be set to see their money go further, following the prediction from Duncan Higgins, senior analyst at foreign exchange firm Caxton FX.
He was commenting after the Bank of England announced a £25 million extension of its quantitative easing programme in a bid to encourage economic growth.
"In the medium term, we feel the pound will continue to make steady gains, particularly as UK economic data is beginning to reveal more positive signs," said Mr Higgins.
Buy-to-let property owners in the UK could also find that mortgage charges remain subdued, as Mr Higgins stated that any increase in the base rate is "a long way off".
The Bank's Monetary Policy Committee has not changed the rate since March, when it reached an all-time low of 0.5%.
< Back to latest news