Growing incomes and a falling unemployment rate in every year since 2010, combined with historically low mortgage rates, are enabling more Lithuanians to purchase homes, real estate agents said. The country’s adoption of the euro in 2015 and regional turmoil have caused only temporary slowdowns, agents said.
The pound rose to its highest rate against the euro since November 2007 on Thursday, climbing to €1.4350 at one point.
The euro fell against both the pound and the dollar as markets assessed potential interest rate moves over the next few months.
The European Central Bank is expected to maintain its loose monetary policy for some time to come.
However, markets are now waiting for rate rises in the UK and US.
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