After a week of gains, sterling stabilised against the euro yesterday and is currently becalmed, albeit at a rate well above the five-year average.
To lock that in for the turbulent year ahead, do call your trader on 020 8003 4915.
Even the most ardent supporter of the current government might admit that economic stability is not exactly the order of the day, so sterling could go anywhere. Down looks more likely, however.
One thing we can give the credit to the government on is the support for Ukraine, where UK-supplied weapons – in the hands of brave Ukrainians – are helping to turn the tide. However, that is an extra risk too. One imagines the Kremlin is not a happy place right now.
With the current opinion polls, the markets may start to price in a Labour government in two years time. Indeed anyone with long-term investments, such as second properties, might start studying what opposition politicians are saying. Traditionally, currency markets favour Conservative governments, although nothing is guaranteed and the Blair years were exceptionally good for the pound against the dollar.
At Smart we aim to be helping you for the long term. We sort out the currency for clients moving abroad (or buying a holiday home), then organise payments between countries with, for example a regular payment plan. Then some decide to come back, or sell holiday homes, and we help there too. Indeed we have a special Returning to the UK guide just for that.
Whichever situation you’re in, do keep in regular contact with your trader. We pride ourselves on how long our team stay with us, gaining that all-important experience and expertise that, quite frankly, an app will never have.
