Are you thinking about renting a fantastic Costa del Sol villa? If so, whether you’ve got your eye on oine of our gorgeous Villa in Mijas, or a spacious villa with a swimming pool in Calahonda near the coast, whatever your holiday budget you’ll want the best exchange rate. After all, if the exchange rate is flying high, you’ll receive more Euros for your spending money, when you visit the Costa del Sol. With this in mind, what is the outlook for the Pound versus the Euro in 2017, especially in light of Brexit? We take a look at how this can benefit you when booking your Costa del Sol holiday rental.
The good news is that Sterling may well strengthen against the Euro this year, above its current 1.17, meaning you’ll receive more spending money when you rent a Costa del Sol villa. Sterling could climb, because the UK economy continues to flourish, in spite of the fact that the UK will start to leave the EU at the end of March.
For instance, just this week we learnt that UK manufacturing expanded at the quickest pace in over two years in December, while UK services growth picked up too. This could boost the pound, giving you more Euros to spend when you rent a Costa del Sol Villa or Apartment.
What’s more, the Pound could also rise versus the euro in 2017, because US President-Elect Donald Trump looks set to revive America’s “special relationship” with the UK. In recent weeks, after winning the US presidential election back in early November, Mr. Trump said that “the UK is a very, very special place for me”.
Moreover, since then Mr. Trump has hinted that he’d put the UK to the front of the queue for a trade deal with America after Brexit. If Mr. Trump does so, this would immediately lift the UK’s growth outlook, boosting the Pound, and giving you more Euros for your Costa del Sol rental.
In addition, the Pound to Euro exchange rate may also jump, because the Eurozone faces a number of tricky elections in 2017. To start with, there’s a real chance that extreme-right populist Marine La Pen could win France’s presidential election, on April 27th. If Ms. La Pen wins, she’s threatened to take France out of the European Union, and revive the French Franc.
What’s more, Angela Merkel may also struggle to win re-election in Germany’s vote later this year too. Both these votes look set to weaken the euro in 2017, giving your more spending money when you rent on the Costa del Sol.
With all this in mind, just think what you could do with some extra Euros for spending money, when you rent a Costa del Sol villa. The extra Euros in your pocket mean you can experience the best the Costa del Sol has to offer; from fine dining restaurants, endless shopping opportunities, some of the best golf courses in the world, watersports galore, and amusement parks and activities for all the family. View our great selection of Holiday Rentals on the Costa del Sol today and make sure you get the most for your money.
This article was contributed by Peter Lavelle from Pure FX Currency Exchange
