The pound has risen further against the dollar amid hints that the UK recession may have ended, meaning that Britons looking to purchase homes in the state may get more for their money.

Early trading today has seen the pound hitting highs of over $1.64, which means that those looking to change currencies to buy properties in Florida will be able to stretch their funds further and increase their choice.

Sterling’s surge – which has also seen it rise against other currencies such as the euro – was sparked by a report from the National Institute of Economic and Social Research (NIESR) claiming that the UK economy grew slightly in April and May, suggesting the recession may be over.

Recent improvements in the value of the pound have already been leading to increased interest in property in the state from British buyers, according to a report out this month from money exchange firm Currency Index.

Spokesman for the firm Robin Haynes observed: "We are seeing a renewed demand for currency exchange as people pick up property bargains in Spain, Florida and elsewhere around the world."

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