After the headline grabbing news only weeks ago about the pound breaking the $2 mark and remaining there for a length of time the rally has started again, although a little quieter this time.
Experts therefore pose the question, can the pound remain at this level long term?
The answer is a difficult one, the mood is uncertain and with a lack of US data makes it hard to say. The sterling did not make headway nor retreat at the opening of markets on Monday. However with an expected Bank of England Rate Increase next month it could mean a gain for the sterling. Only time will tell.
The difficulty is to know what to do. Do you wait? Or do you buy dollars at around $2 to the pound? It depends on your perspective, however with Florida property prices suffering from a buyers market and the current exchange rate it makes it very attractive for UK buyers to invest in property in the state!
