Sterling peaked against the euro at it's highest rate for a year on Wednesday this week. So if you were wondering if it is a good time to go ahead and book your holiday villa for this summer then the answer is a resounding YES, go for it!
I'm no forex trader but I do follow the progress of the pound against the euro on a regular basis and I am delighted to see that at long last the status of the pound against other currencies is beginning to reflect the rising confidence and growing performance of the UK economy.
The IMF has just revised its previous rather sourpuss view of the UK economy and this has finally allowed sterling to break free of the shackles it seems to have been carrying and we are at last starting to see some value against the euro.
That is especially good news for those of you contemplating reserving one of our European holiday villas as they are priced in euro, you will get better value for your money.
It also means that there is every likelihood that your spending power in resort will increase, especially if you are thinking of heading off to Portugal which has recently been recognised as the European country where local costs such as foodstuff have gone down the most.
All in all the picture is beginning to look much rosier as the UK economy continues to surpass all expectations and is outstripping other leading economies and as a nice bonus making our overseas holidays more affordable. Long may it continue that way!
For best value euro payment you can pay your deposit by credit card (which will also give you 100% financial protection for the whole value of the booking) and the balance by bank transfer if you prefer.
Update: since this article was first written the exchange rate has risen even higher, by nearly 4% since January to 1.27 today on 24th November 2014. All good news for our clients and people travelling to Europe.