Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

6 Aug at 6 PM 2019

Expat investors welcome laws against illegal fixing of currency rates

Investors both in the UK and overseas are waiting for a court date for their legal challenge. Foreign exchange traders are facing a legal challenge for compensation after the discovery that secret rate-fixing on a major scale has been taking place in online chat rooms. European Union investigators have uncovered the use of online chat forums by employees of major banks in order to secretly manipulate and fix currency exchange rates to the detriment of users. The EU has issued fines totalling £1 billion to international banks...
31 Jul at 6 PM 2019

Brit expats in UAE taking advantage of sterling crash to repatriate savings

Due to the unprecedented fall in the sterling exchange rate, a good number of UAE-based Brit expats are sending money back to the UK. British expats living and working in the UAE are now moving savings and spare cash back to the UK, thus taking advantage of the worst exchange rate in a decade or more. As sterling sinks ever lower on the threat of a broken economy due to a no-deal exit from the EU, increasing numbers of British expatriates are cashing in on the once-in-a-lifetime opportunity. For British professionals who arrived in...
30 Jul at 6 PM 2019

Brit expat woes increase as sterling dives again

The battered pound is now causing genuine hardship for British expats living in Europe and across the world, with gloomy predictions of further falls in the event of a Johnson-engineered no deal Brexit. Over the past several years, the referendum itself, Brexit predictions and parliamentary chaos had already caused a drop in sterling versus the euro and other world currencies, but the selection of Boris Johnson as Britain’s prime minister has forced the currency to a two-year low due to his focus on a no deal Brexit. At this point...
19 Jul at 6 PM 2019

Inflation in Europe stays low but currency exchange rates have expats worried

Expats living in Europe are seeing low cost of living increases. Expatriates living and working in the European Union are facing an average cost of living increase of 1.6 per cent in both May and June this year. According to the European Central Bank, it’s targeting an increase of just below two per cent, with European parliament members now saying they’re ready to support increasing inflation by means of raising interest rates. Those living in Romania have seen the highest inflation at 3.9 per cent, with Hungary coming in on...
27 Jun at 6 PM 2019

Is Dublin’s rising cost of living discouraging expat arrivals?

This year’s Mercers’ cost of living survey placed Dublin in 43rd place, with the city losing 11 places over last year’s study. As inflation and poor currency exchange rates stalk the expat world, those expatriates using surveys to decide on their next destination are in for a number of shocks. Over the past three years, Dublin had become a favourite for UK refugees from Brexit and the resulting broken economy, but the dramatic fall in the value of sterling and the city’s increasing property rental prices may now be enough to...
26 Jun at 6 PM 2019

Brit expats counting the pennies as sterling sinks

Whilst British expat retirees are counting the pennies, multinationals relocating staff to London are cashing in on the weak pound. By now, it’s a well-known fact that British retirees in popular EU retirement destination are having a hard time making ends meet due to the falling pound, but many don’t realise that companies sending expat staff to the UK are saving money for the same reason. In the 2018 annual surveys, London was the 19th most expensive world city for relocating expats, but this year’s rating for the capital is...
20 Jun at 6 PM 2019

British expats strongly concerned over a Johnson victory

British expats are beginning to worry about the possibility of a Johnson victory. As Britain’s Conservative Party continues to dig its own grave, the fight to be the next Prime Minister is causing expat concern. Should Boris Johnson prove pundits and bookies right, the effect on sterling as well as on the economy may well reverberate in expat havens across the world as well as clobbering the financial world’s stock and commodity markets and causing share prices to plunge. Financial experts are warning over Johnson’s no-deal...
17 Jun at 6 PM 2019

British expats warned over Johnson PM effect on sterling and investments

UK financiers are warning a victory for Boris Johnson will result in plunging sterling exchange rates and a massive loss in investor confidence. Should the controversial candidate win his battle for leadership of the Conservative party and the PM job, a general election would follow no later than May 2002, with bookies predicting a landside triumph likely to wipe out the Labour party as well as its leader Jeremy Corbyn. Worse still, even before a general election could be called, Johnson’s promise to yank the UK out of the EU on 31...
7 Jun at 6 PM 2019

Financial pundit deepens expat fears of a Johnson victory

British expats in Spain will face the threat of further sterling devaluation should Boris Johnson become the UK’s next PM. The possibility of the controversial politician’s triumph in the race to become Britain’s Prime Minister has raised alarms amongst Spain’s British expatriate community, with many already forced to tighten their belts due to the fall in the pound’s value since June 2016. In an advertorial poorly camouflaged as an article, the head of one of the UK’s financial groups well known for its often unwelcome...
30 May at 6 PM 2019

Survey bucks the trend as regards best Asian lands for expat retirees

A recently released survey of Asian retirement destinations is bucking the current trend by placing Chiang Mai in its top ten choices. The US-based survey takes into account medical care, the cost of living and the weather, ignoring the more important aspect of visas as well as transportation, the cost of housing and the likelihood of political instability. Noting that Chiang Mai has been a focus for expat retirees for several decades for its distinct culture, rich history and great weather, it fails to take into account that living a...