Last summer, one of the staff in our London office set his 11-year-old son the task of learning every British Prime Minister – and their years of administration – for the previous 150 years. The son would get 50p for each name and 50p for each date he could remember, to spend in the summer holidays. It started in 1868, which was quite the earner with three Prime Ministers (starting with Edward Stanley, 1866-1868, but you knew that).
The question with the current leadership race, is whether one of these candidates has the wherewithal to get us out of our current impasse and be a great Prime Minister, or will just be a name for a small boy to learn in 150 years. The currency markets seem unimpressed so far. It’s actually quite rare to see the kind of drop in the pound’s value over the course of a mere month (5%, more or less, against both Euro and US Dollar), that we have seen since Theresa May announced her resignation.
It could easily go lower over the next few months.
There are even suggestions that we could see three Prime Ministers again this year. Quite the bonanza for a child in 2169 (what currency will they be being paid in then, I wonder?).
Of course we’ll all be pushing the daisies up by then, so rather more important is that we don’t allow today’s political drama to stop us fulfilling our lifetime dreams. One of today’s candidates is fond of using Latin, so it’s worth finishing on carpe diem, seize the day. We have several months to gain residence abroad until the first available “no deal” on 31st October (though even no deal should hold no fear for most buyers abroad), and probably at least two more years for a transition period, if we get one.
With your pounds and their future value abroad, it is a simple matter to lock in your rate with a Forward Contract if you are ready to buy. Please do call your Trader today on 020 7898 0541.
