Sterling enjoyed a brief flurry against most other currencies yesterday when the news of the ‘Windsor Framework’ came through.
Although yesterday’s boost didn’t last long or amount to very much, it’s easy to forget how far we’ve come. Not so long ago in these messages I was talking about positive Brexit negotiations boosting GBP/EUR to a rate still 3% or so below where we are now.
The pound is still on the average post-Referendum level and well worth locking in with a forward contract if your own relationship with a European Union nation – or anywhere else – is about to get cosier.
Call your trader on 020 7898 0541 to discuss your options. It only takes a minute or two, carries no obligation, and will make you feel instantly more in control of your money and future.
As revealed today, you’re continuing to lose money on UK assets such as property, which has dropped in price by 1.1% according to just-released data from the Nationwide, a larger drop than expected.
Other interesting data recently released includes Spanish and French inflation, which has increased to 6.1% and 6.2% respectively. That’s still well below the UK’s general inflation of 10.1% and the UK’s whopping grocery inflation of 17.1%. Those retiring to Spain and France will get the triple lock UK pension increase of over 10%, so a rise in their living standards.
As if all that’s not enough to cheer us up as spring begins, the new ETIAS travel visa has been delayed until 2024 at least. It was only going to cost each person €7 over three years, but every little helps, and the real bonus is in avoiding delays at passport control.
