Currency Exchange Essentials
Articles about Currency
If the Federal Open Market Committee (FOMC) was looking for a further excuse not to tighten monetary policy in July it came courtesy of Britain’s shock decision to ‘Leave’ the European Union. In fact the FOMC used their June meeting minutes to reveal that even prior to referendum they were losing their appetite to implement an interest rate hike.
The UK PMIs were not as strong as those from Euroland but they were not the pound’s problem. It continued to be weighed down by the negative sentiment caused by Brexit-angst. Sterling was the week’s poorest performer in the first week of the month, losing three and a half euro cents. Since Referendum Eve the pound had fallen by more than 10% against the euro and some said it has further to go.
While expats are naturally concerned about their rights to continue living, working and accessing healthcare in France after Brexit, the most immediate concern for anyone living in France and receiving a UK income – such as a pension – is…
The pound took another thrashing this morning, falling to a fresh 31-year low against the US dollar. Overnight it had looked as though the heat had gone out of the bear market but that was perhaps an illusion caused by New York’s Independence Day holiday on Monday.
There is endless speculation surrounding the potential repercussions of a Brexit, the majority focusing on the UK. But what about expats in France?
Don’t let the EU referendum ruin your dream of owning a property overseas …
Many of us moving to France area unaware at first of a variety of additional costs that we simply have not budgeted for. You can, however, manage these expenses conveniently and cost-effectively.
Buying a property in France can be an exciting venture. Deciding the region and budget, however, are not the only decisions to be made.
So, when should you buy euros? What if you buy now and the rate improves even more? What if you wait and the rate loses ground?
Deciding the right time to buy your euros can be tricky, and your decision will depend on these key factors…
Speculation is rife that the vote could be brought forward to 2016, in order to avoid a politically dangerous clash with the French and German elections in 2017 and for the PM to potentially force a better deal out of his EU partners, who would like the UK to stay in the union.