Sterling staged a minor come-back yesterday against the euro, possibly an overhang from the governor of the Bank of England’s comments on Monday about interest rates.
Although nothing to get too excited about, the pound remains well above the average for the past few years, despite plentiful headwinds such as the ongoing Northern Ireland Protocol debacle, which could potentially trigger a Brexit trade dispute with our nearest huge trading bloc.
At a more local level on Brexit, there is potentially good news, however, especially for our clients planning a retirement to the sun. The authorities in the Costa Blanca for example, are keen for, as they put it, “Brexit to be as Brexit-less as possible” and are looking to relax the 90-day rule for non-visa holders. The Valencian president said: “recovering the British market is a priority for the Valencian Community”.
There is clearly plenty of wiggle room opening on the questions of residency abroad, and you can hear the latest news, residency and visa tips and much more at Your Overseas Home’s virtual event on Saturday. You will have to register today or tomorrow, which you can do here.
Also in the press this week was a report in the FT about the numbers of people taking earlier retirement – reversing the trend of the past 20 years for us to work longer.
Although part of that is down to negative factors – the loss of jobs in the pandemic and older people worrying about catching the virus at work – there will be plenty of positive factors too. Some have saved enough in the past two years to retire earlier, while others have reassessed their priorities in life.
If you’re thinking it might be nice to look for new projects in life and to enjoy the possibilities that open up without the day job, do give your trader a call on 020 8003 4915 to talk over how we can help, either with a property purchase abroad, your pension payments or with wealth management.
