Cashing in on weak pound.

MANY British owners of holiday homes abroad could make double-digit profits if they sell up as the pound crumbles and return their money into sterling, according to a foreign exchange specialist. Foreign Currency Direct (currencies.co.uk) claims that a British buyer who paid the average pounds 140,000 for a house in France in September 2008 has seen the pound plunge so far against the euro that a resale of the same property today would secure pounds 162,400 - a profit in a year of pounds 22,400. However, owners of homes abroad might wait as the pound could fall further.