Windows Live Mail: Windows 8.1: WHY when printing an email is there a change of email text when a photograph is included

I am using Windows 8.01  and  Windows Live Mail

Problem

When I send myself (I was trying it out to check the formatting) an email with a photo (jpeg) in the body of the text, an apostrophe in the text changes when I print out the email (see changes below.) But when I send a photo (jpeg) as an attachment nothing changes in the text when I print it out.

The change is:-

it's becomes ita(euro symbol)tm followed by the s

I have googled and checked that my Live Mail says

Encoding = Western Europe ISO

On Live Mail: File: Options: Mail: Read: International Settings = Western European ISO

On Live Mail: File: Options: Mail: Send: International Settings = Western European ISO

I've checked

Checked the keyboard choice - English (United Kingdom)

Checked the language - it is English (United Kingdom) which is correct

I can not find via a search of my computer that I have smart quotes

I've done all that I can and now I need help. This problem does not happen with my mates Mac using a Kodak printer.

If you reply please do so using basic language as I am not into computer jargon, many thanks, hope someone can help me.