Following sterling’s early uptick on Monday morning it’s been a relatively flat week, but broadly positive for sterling.
That may change on Friday with the GDP data for the quarter, with a clearer indication of the true state of the UK economy.
To sort out your currency before that, do call your trader on 020 7898 0541 and consider locking in your rate with a forward contract.
Data from the UK high street yesterday showed that grocery prices are up 14.7% – although we didn’t really need a report to know that, it’s obvious as soon as you walk into a supermarket. Tomorrow there is another house price survey, this one from RICS, but two major building societies have already shown prices falling last month.
Thus far, economic growth has remained surprisingly resilient – could it be a result of all those new businesses and big plans people put into place during the lockdowns?
There are certainly still plenty of people moving or buying property abroad – with some estate agents in France and Spain simply not having enough properties to sell. Should you be abroad and considering returning to the UK, we have an excellent guide to help you.
But most of the traffic is the other way, and the show we sponsor, Your Overseas Home, is on Saturday. It’s all online and free to attend, so why not register and speak to estate agents, lawyers and other professionals. You can register here.
