Sterling rose to its highest in 19 months against the euro on Monday and was poised for more gains as concerns about budget problems in Spain caused Spanish borrowing costs to jump and prompted investors to seek alternatives to the common currency. Rate on 17th April is 1 Euro = 0.825689807 British pounds
The pound also benefited after Standard & Poor's reaffirmed Britain's top-notch AAA credit rating on Friday, reflecting an expectation that the government will continue to consolidate its public finances.
Almost a year ago we saw pound sterling almost reaching parity with the Euro - so a 100,000 euro house would have cost £100K - today that transaction would be equivalent to about 82,600 euros.
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