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Sterling strengthens



7 May 2009

The cost of buying a property abroad has come down for Brits thanks to an dramatic surge in the value of the UK pound against other major currencies.

Sterling posted net monthly gains in April of just over 3% against both the US dollar and euro and has extended these gains over the first week of trading this month.

The pound hit its strongest level against the dollar since January ($1.50), and is now trading at €1.13 against the euro, according to foreign exchange specialist, No1 Currency.



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