Firstly, a thank you to all who came along to Your Overseas Home, the international property show we help to organise. It’s good to see so many people determined to buy a property abroad this year. You can catch much of the content, such as webinars about visas and claiming pensions, healthcare and whatnot abroad, plus how to buy a property, at the website Youroverseashome.com.
The clocks going forward is the final send off for winter, at least psychologically, and can feel like the spur to get on with big plans. Maybe a better time for a new year than 1st January!
Sterling has been as changeable as the weather so far this month, with the pound up and down quicker than my umbrella on my way into the office.
However, the positive news is that sterling is close to 1% stronger than this time last month against the euro and 2.5% up on the US dollar.
It also seems to have settled at a level well above where we were for most of the post-referendum era. Not a bad rate to lock in with a forward contract, then, for those committing to a major transaction overseas, with a call to your trader on 020 8108 5163.
After all, if you budget for those aforementioned big plans at one rate, a significant weakening in sterling can put a huge dent in that budget.
What could hit your exchange rate this week includes speeches by a couple of interest rate setters in the UK, including Bank of England governor Andrew Bailey, later today.
