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New High Sterling Rate Against The Dollar - 28th June 2007

Sterling vaulted back above $2 to a fresh two-month high against the dollar on Thursday after unexpectedly strong British house price data bolstered traders' bets on further Bank of England interest rate increases.

British people looking to buy a property in the USA should make the move now, say property investment experts.

With the pound so strong – the exchange rate is still hovering at £1 = $2 – and oversupply of homes in th US, house prices have gone right down, but this may not last much longer.

The current exchange rate is historically high over the last 20 years, so if you've got cash to exchange for dollars then you're getting an awful lot for your money over in the States, With the pound still strong against the US dollar, it is a good time to invest in Florida property. Demand and supply will reach equilibrium at some point, prices will no doubt increase. This is the time to pick up a bargain.

LAST-MINUTE holidaymakers can get a better deal this year jetting to Florida rather than Spain or France, experts said yesterday. As the dollar continues to weaken against the pound, it may well be the optimum time for people to indulge in a cheaper break to the US rather than more familiar European destinations.