The one thing most of us know about viruses is that they mutate, and seeing the way that the coronavirus has mutated into our financial world has been awe-inspiring.
Financial and currency analysts spend vast amounts of time and effort looking for any clues as to which way the US Federal Reserve will move on interest rates, months in advance, and then the Fed reduces US interest rates by half of one percent just like that in response to Covid-19.
Other central banks have followed and the Bank of England could do too. That is the main reason why the pound has weakened by around 5% over the past week against the euro.
It could of course go lower if the disease spreads or the rate is cut, so do speak to your trader on 020 8108 5337 if you have a trade coming up. On the plus side, borrowing money for a property abroad just got even cheaper.
Yet we are only at 51 people diagnosed in the UK and only two of those are in London. So it is full speed ahead for the international property show we sponsor, Your Overseas Home, in London on Saturday.
We no longer have our northern Italian partners attending, and sensible precautions will be in operation. I won’t be offended if anyone prefers to fist-bump rather than shake hands. However, we expect a full house, since the event was oversubscribed.
You can still get tickets for the Manchester event next month and we would urge anyone with serious plans to buy abroad to do so.
We have a lot to talk about and big plans to help you fulfil!
