Sterling starts the week staying strong against the euro but falling by around a third of a cent against the US dollar this morning. Yet more good news for Emma Raducanu as her $2.5million cheque for winning the US Open is now worth £3,425 more than when she won on Saturday night.
If you would find it unnerving to see the value of your income abroad changing so rapidly and unpredictably, do call your trader on 020 8108 5337 to lock in your rate. Then you can transfer the money at your leisure at today’s excellent rate, still close to 10% stronger than this time last year.
We’re still seeing positivity around sterling based on Andrew Bailey, governor of the Bank of England’s comment last week on the possibility of raising interest rates early.
This was despite the considerably worse than expected GDP figures released last week for July. They showed a rise of just 0.1% for the month compared to the expected 0.7%. Analysts are pinning the blame for the slow growth of the economy post-lockdown on the “pingdemic” in July. The belief is that it will bounce back next month, as people worked out how to switch off their test and trace app in August.
As the world returns to normal, alongside still tragic Covid sickness and death rates we must remember, it is interesting to see how people are starting to manage the post-Brexit rules and expenses. For example, by suddenly declaring their dogs to be French, according to the papers at the weekend.
We are sponsoring two webinars for non-EU people looking to move to France and Spain, or buy a holiday home there, who want some guidance on the 90-day rule and other residency/visa-related matters. They’re on Thursday 23rd September at 5.30PM UK time for France, and Saturday 25rd September at 10.30am for Spain.
Please do send in your questions and queries to me and I will happily pass them on to the experts for an answer, and you can get your free pass to the event here.
