The pound enjoyed what you might call a pico-bounce after Boris Johnson became Prime Minister last week – a “pico” being a thousand times smaller than a nano. But at least it was a bounce, and congratulations if you managed to lock in a forward contract during it. Don’t forget that you can ask your trader to watch out for unexpected rises and order your currency, without you needing to transfer the full amount or spend all day watching the currency markets – that’s our job. Ask your trader about “market orders” on 020 7898 0541.
What happens next, with the government about to spend £100million on advertising to warn business about no deal, will be interesting. Apparently it’s the biggest advertising spend by government since the Second World War, which gave us the famous Keep Calm and Carry On, ads. I’ve never been sure if they were meant to be ironic at the time or if people really spoke like that.
It is sensible advice though. For property buyers abroad, holiday homes will be unaffected by Brexit and even retirement should be pretty effortless – a simple matter of filling in the occasional form, we believe. Read more in this simple guide to the effects of no deal Brexit on property, health and residence.
Our traders are here all summer, at the end of the phone on 020 7898 0541 if you need to talk through your currency options in these turbulent times. Perhaps the largest threat to property buyers abroad from no deal or a general election remains a fall in the pound, and that is easily fixed with a forward contract.
