At his Mansion House speech last night Mark Carney took the opportunity to raise his concerns over the UK housing market overheating, and suggested that UK interest rates may go up sooner than forecast. The fact that UK rates have been so low has been one of the drag factors on the pound and even in my last post I didn’t think this situation would change radically, but this speech is a bit of a game-changer. It signals UK interest rates may go up this year, allowing the pound to appreciate in value as it becomes more attractive to investors. It has given a great opportunity to buy Euros, but anyone selling property in Europe should probably look to move quickly. If you would like help with a currency transfer feel free to email Colm at [email protected] and I would be happy to help.