The pound hit a near six-week high on Friday against the euro. Against the US dollar, however, it fell nearly 2% over the past week.
Recent gains against the euro – the result of more positivity around Brexit talks – are likely to come under pressure as the week goes on. The Bank of England will be taking the decision on Thursday whether to attempt to boost the economy, but such measures that it has in its armoury normally reduce demand for sterling, and hence weaken it.
One thing that will be booming over the next few weeks will be the New Year’s Resolution industry, as many of us write off 2020 as a dead loss and look forward to 2021 as the year of vaccines and pastures new.
For many that will involve moving abroad – delayed from last year – potentially to “work from home” in a rather sunnier climate!
On that theme, Smart will be at a new and innovative virtual version of Your Overseas Home on 14 November. It’s just like a normal overseas property and relocation show, with an exhibition hall packed with properties, seminar theatres, meeting area and help desk.
At Smart we’re all incredibly excited about this new way of doing business and our traders will be there, on the phones, ready to answer your questions.
You can register for FREE Your Overseas Home tickets here.
For those who are determined to buy abroad in 2021, today’s raised GBP/EUR rate looks like a good rate to lock in for the year ahead.
Do please call your trader on 020 8108 5337 to do that.
