Expat Currency News

Latest 10 news items tagged Currency

17 Jan at 6 PM 2019

Brit expats in Spain optimistic for second referendum

Following Tuesday’s shock parliamentary vote, British expats in Spain are hoping against hope for a second referendum. Spain is the all-time favourite for British expats fleeing the UK’s unreliable weather and its less than satisfactory quality of life for ordinary people, with those who’ve retired to the sun first in line for the devastation of a no-deal or hard Brexit. Predictions of the damage either option will do to the UK economy may or may not be accurate but would take some time to become apparent to the bulk of the...
10 Jan at 6 PM 2019

EU states queuing to ensure rights to remain for UK expat residents

Following on advice given by the European Commission to its member states, expats in a number of EU countries are now being assured of their rights to stay. The EC’s call for generosity towards British expatriates living, working and retiring in Europe in the case of a no-deal Brexit is being heeded by an increasing number of EU member states, allowing the vast majority of expats to sleep better at night. The irony surrounding the EC’s welcome intervention is that the Commission seems to care more about expat Britons’ welfare...
9 Jan at 6 PM 2019

UK expat pensioners in Europe still threatened by loss of pension uprate

UK expats in EU member countries are to have their state pensions uprated – but only for a year. Along with all the other negative effects of the Brexit disaster on British expatriates living in the EU, the continuing of the guaranteed annual inflation-proofing increase has been a serious cause for concern, especially for the newly-retired. The uprate is triggered by the higher of two indicators – wage growth and the rate of inflation. Should both be lower than 2.5 per cent, the same percentage uprate is guaranteed. ...
3 Jan at 6 PM 2019

Expats in Spain warned over fake coinage scam

Spanish police are warning expatriates and tourists about a fake coinage scam now circulating across Europe. Many expats might consider getting a very similar foreign coin in their change nothing to write home about, but Spanish police and other European law and order forces are taking it seriously as there’s now a Europe-wide rise in reported cases. Rather than getting euro coins in their change, coins from other countries with a similar appearance are being regularly found by shoppers. Of course, the substitute coins are worth...
31 Dec at 6 PM 2018

Are Brit expats in Spain better off than those who’ve repatriated?

Brexit has been described as a pantomime, but is no laughing matter for those caught in its net. The expat community in Spain is overwhelmingly British and mostly comprised of retirees who decided to abandon the UK for two good reasons – the weather and the cost of living including housing. It wasn’t an easy decision for the majority, as it meant leaving close family and friends as well as familiar surroundings and a well-loved home. Staying would have imposed negatives such as braving the winter cold whilst dreading the...
19 Dec at 6 PM 2018

UK now cheaper for expats due to Brexit effect on sterling

A recently released new survey has revealed the UK is now one of Europe’s cheapest countries for expat workers. Expat professionals living and working in London have seen a welcome drop in the capital’s cost of living due to Brexit, with the city dropping 81 places to 127th in the latest worldwide cost of living survey. Formerly one of the world’s most expensive destinations for expatriates, London is expected to drop still further in the rankings after 29 March next year. Visitors and incoming workers from Europe will now find...
18 Dec at 6 PM 2018

Malaysia still cheap for expats in spite of cost of living increases

The latest cost of living survey aimed at expats shows Malaysia is still an inexpensive country for expats in spite of its cost of living hikes. Unsurprisingly, Kuala Lumpur is Malaysia’s costliest expat hub, rising 24 places in the survey to 188 in the world city rankings, with Penang and Johor Bahru also seeing significant rises. KL is now more expensive for expatriates than Mumbai, New Delhi and Manila. In spite of the bad press as a result of the survey, KL is still one of Asia’s cheapest locations for expatriates relocating...
13 Dec at 6 PM 2018

Expats in UAE taking advantage of sterling falls

It seems Brexit isn’t bad news for everyone, as expat professionals in the UAE are repatriating cash at great rates. As the pound sterling continues its path downwards, expatriates working in the UAE are laughing all the way to their UK banks as they remit currency at the best rates seen since the 2008 financial crash. Even so, they’re now in a dilemma – whether to wait until the pound crashes still further or send money home using today’s attractive exchange rates. One insurance broker is holding off as he’s convinced...
12 Dec at 6 PM 2018

Would-be expat couple lose everything due to minor mistake

One easily-made financial error has wrecked a retired would-be expat couple’s dream. Even with warnings plastered across expat-aimed online media sites about the risk of losing pension pots to financial scammers, it seems it’s also far too easy to lose a lifetime’s savings to a company fully registered with the UK’s Financial Conduct Authority. One retired couple hoping to relocate to Portugal found this out the hard way after making just one small but crucial error. The now defunct and infamous FCA-approved online...
1 Dec at 6 PM 2018

Brits expats still investing in buy-to-let

Brit expats working in Europe invest in London buy-to-lets whilst those working in the Middle East prefer North of England properties. Perhaps the aboveo is something of a generalisation, but the statistics come from a major UK buy-to-let mortgage lender dealing with British expat property investors across the world. Over the past few years, the buy-to-let boom has forced real estate prices higher across the UK and caused a price explosion in London and its suburbs, but it still shows no sign of slowing down. The survey breaks...