The pound has surged in value against the US dollar this week, topping $1.60 as assessments of the two countries’ economies indicate that Britain’s prospects of recovery from recession look better in comparison.

Sterling hit a seven-month high on Wednesday this week, although it dipped slightly below the $1.60 mark today.

Such figures are in contrast with the plunging value of the British currency over the winter months, which saw it dip below $1.40 in January.

The improved buying power of sterling may help those looking to buy Florida property to stretch their budgets further and enjoy a greater choice of possible investments in the state.

Buyers looking for Florida property were advised this week to appoint an appraiser if they are looking to acquire foreclosed property.

US real estate firm Findire.com said that as there is no seller with an obligation to guarantee utilities are working this should be checked first to ensure there are no unexpected extra costs to the purchaser.

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