If you're thinking of buying up north / UK, I'd do it now rather than wait. Latest foreign exchnage reports are suggesting sterling to rebound to 80p / euro levels over coming weeks.
This from a report out today
"In the FX market, the name of the game is relative value. While all economies are suffering from the global financial crisis, those economies that have begun to deal with their problems more quickly, serve to benefit greatly in the long run. While the BoE has been very active in addressing ongoing threats to the local economy by introducing an overly accommodative monetary policy (much like the Fed), the ECB has arguably been behind the ball in coming to terms with the current market environment. This has begun to reflect itself in the cross rate, and we contend, should continue to do so over the longer term with EUR/GBP seen back towards 0.8000 over the coming weeks."