Expat Exchange Rates News
Latest 10 news items tagged Exchange Rates
5 Aug at 6 PM 2016
Thursday’s Bank of England rate cut to 0.25 per cent is yet another blow for retired expats in EU member states.
Following the continuing impact on currency exchange rates
post-Brexit, the Bank of England’s decision to cut base rates to 0.25 per cent is a further blow to retired British pensioners living in Europe. Most have endured years of low returns and are now faced with significant shortfalls in their monthly budgets.
Financial firms are describing the cut as a painful disaster which will hit at least a million retired...
25 Jul at 6 PM 2016
With the expats’ promised land now failing to deliver, many long-term expat residents in Dubai are mulling over a return to their home countries.
Although economic forecasts suggest the desert-based mega-city is better placed to weather the storm than its neighbouring emirates, the combination of the oil price crisis and the downturn in construction is hitting hard on expats as well as local businesses.
Major foreign-owned companies linked to the oil industry are cutting jobs as clients scale back on projects, with removal firms...
22 Jul at 6 PM 2016
Brexit’s shock result has all but wrecked the retirement plans of many Brits due to freedom of movement insecurity and possible financial planning chaos.
The biggest question mark threatening the retirement plans of a fair proportion of older Brits is the ability to settle legally in one of the many European expat destinations. Although, just a month after the referendum took place, there seems to be a slight easing of doom and gloom as regards freedom of movement, the risk of losing everything is still there.
Even more of a risk...
12 Jul at 6 PM 2016
As a result of continuing uncertainty over the value of sterling, British expats working in Gulf states are being advised to keep sending money home.
The dramatic fall in the sterling exchange rate
following the shock Brexit result prompted an eight-fold increase in remittances from the region to UK banks. Given the continuing political and economic bad news, it’s no surprise financial experts are recommending that expats continue to transfer capital back to their home countries.
Gulf Research Center’s director of economic...
11 Jul at 6 PM 2016
In spite of the uncertainty of their future in France, would-be UK expats and those recently arrived are not about to change their minds as regards their preferred country of residence.
Whilst expats already living across the Channel are having problems digesting the possible future effects of Brexit, many who’ve already made the decision to leave the UK are sticking to their guns and changing their plans to suit the circumstances. Notwithstanding the fall in sterling, tearing up their long-held dreams is definitely not an option....
6 Jul at 6 PM 2016
Analysts struggling to find shreds of good news lurking behind the massive black cloud of Brexit are suggesting that Britain’s leaving the EU may have a positive effect on Australian real estate prices as well as boosting the number of buyers.
The theory behind the report is that, once Brexit is a reality and the UK has finally left the European Union, Australian expats will be forced to return home. This, apparently, will drive population growth and demand for properties as well as preventing Aussies from emigrating to further their...
27 Jun at 6 PM 2016
As the value of sterling shrinks due to the disastrous and unexpected result of the Brexit referendum, expats living in the southeast Asian retirement hub as well as visitors are expressing their concern.
According to Thailand’s popular English language newspaper Bangkok Post, it’s not just British expats living, retiring and working in Thailand who are concerned about the effects of the Leave win. British tourists are also worried about the increased cost of holidays and the economic instability caused by the exchange rate
24 Jun at 6 PM 2016
UK expats living and retiring in Spain are in a state of shock as their worst fears about Brexit are confirmed.
Brits living the good life in Spain woke this morning to their worst nightmare – the decision of a majority of eligible referendum voters to leave the UK. Immediately, <a href="http://www.exchangerates.org.uk/news/15681/gbp-eur-pound-euro-exchange-rate-news-and-outlook-.html">the pound to euro exchange rate
plummeted</a> and world stock markets braced themselves for a replay of the financial crash of...
14 Jun at 6 PM 2016
With the remain/leave debate accelerating by the hour, the latest attempt by the Remain campaign has been to focus on the falling value of post Brexit sterling.
Whichever group is putting itself forward at any one point in time, one thing they both agree on is that the value of sterling will take a significant hit should the UK vote to leave the EU. Expats living across most of the 28 EU member states also realise this, and are able to work out the ramifications themselves. Let’s face it, they’ve been through enough exchange rate
7 Jun at 6 PM 2016
Whilst many British expats living in Spain are experiencing nervous breakdowns over the possibility of a Brexit, others who’ve already left are overjoyed they don’t have to deal with Spain’s new tax laws covering overseas assets.
Estimates of the number of EU and British expats who took their money elsewhere rather than be taxed on their overseas assets are now in the high thousands. The tax changes in 2015 have also resulted in a strong decline in the number of new expat arrivals.
The new rules, originally aimed at Spanish...