The Pound on an upward trend

06/03/2009 - 10:30

The pound appears to be on an upward trend trading at 1.16 Euro at midday: it was trading at 1.115 at the beginning of and middle of May. Sterling has steadily increased against the Euro during the last fortnight. Good news for people needing to change Sterling into Euro!

Topic

Tax and Finance

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Comment

HurrayI get paid in Sterling and live permenantly in Italy with an Italian mortgage so my income took a huge nosedive when the pound did so this is great news for me :-)Keep on rising Mr Sterling I say! Can't wait till it hits 2 euros to the pound (well I am an optimist) - or is it 2 pounds to the euro - all very confusingKevan

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We are exactly the same. We live permanently in Italy, have an Italian mortgage and a UK pension paid in Sterling and then converted to Euros. This is great news for us, but we are not spending the extra as you never know what will happen next month!!