Expat Currency News

Latest 10 news items tagged Currency

9 Sep at 6 PM 2019

Ensuring the best outcome when investing in an overseas property

For expats buying a home overseas, it’s often a daunting prospect due to language difficulties and lack of knowledge of property laws applicable to non-citizens. Emigrating on a permanent or semi-permanent basis often includes buying a property in the new country of residence, but it’s a challenge for new arrivals who don’t yet know their way around property laws and the correct procedures. As a result, the first priority should be to seek legal advice from a totally independent property specialist with no ties to any other...
6 Sep at 6 PM 2019

Protecting UK expat assets at this crucial time

As Britain’s parliamentary crisis worsens and Brexit creeps closer, Brits in Europe are becoming ever more concerned about protecting their assets. As the Johnson premiership becomes even more unstable whilst the Brexit clock keeps ticking, British expats in the EU are increasingly concerned about protecting their assets against the worst possible scenario. As expected, representatives from the major independent financial advice companies are urging continued investment, at a time when even top financial experts are unsure as to the...
3 Sep at 6 PM 2019

British expats suffering more every week from crashing pound

As the British parliament reassembles for the fight of its life, expats and holidaymakers get slight relief as sterling temporarily stabilises, albeit at a low rate. Ever since the so-called ‘election’ of Boris Johnson as the UK’s latest prime minister, the slide of the pound against the euro and a host of other currencies has continued amidst doom-laden projections of its final fate after a no-deal Brexit. It seems as if every time Johnson makes yet another upper class-accented statement, more British expatriates get less...
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...
5 Aug at 6 PM 2019

Hong Kong expat banking community decimated by job cuts

Fewer opportunities for Hong Kong’s laid-off expat bankers are destroying the dream. Once a prime location for expat bankers, Hong Kong is now immersed in seemingly endless violent protests as well as an employment desert for expat bankers recently laid off by their employers. Reasons for the banking sector’s shrinking labour market include increasing demand for Mandarin speakers and cost-cutting by international banks located on the island. Deutsche Bank’s recent announcement of a swathe of cuts made the situation even worse...
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

Asia now a hub for expats pursuing crypto dreams

Asia is now the world’s favourite hub for expats’ crypto careers. Expats from the West are now congregating in Asian countries in the hope of furthering their crypto careers. According to those on the scene, hopefuls from the USA, the UK, Australia and Europe are arriving in far greater numbers than ever before, all working to grab a slice of the amazing opportunities on offer, with Crypto companies springing up like mushrooms to boost this emerging market. Unlike in other world Crypto communities, the Asian version seems to...
19 Jul at 6 PM 2019

Private bankers overwhelmed as Hong Kong millionaires transfer fortunes overseas

As the riots and marches continue in Hong Kong, jittery millionaires are transferring their cash to Singapore’s safe haven. Wealth managers and private bankers are being overwhelmed by enquiries as Hong Kong’s most wealthy residents struggle to get their cash out of the former British colony, even although the controversial extradition law seems to be dead in the water. One Singaporean wealth manager who prefers to remain anonymous told the media his firm had received a sizeable flow of new money originating in Hong Kong over the...
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...