Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

1 Nov at 6 PM 2019

Shrinking sterling hitting hard on UK state pensioners in Europe

Retired British expatriates living in a wide selection of EU member states have seen their lifestyles reversed due to the effect of Brexit on the sterling exchange rate. The UK state pension and many other occupational pensions are paid in sterling, leaving expat recipients to cut back as best they can during an exchange rate cut. During a meeting of the Lords EU Justice Sub-Committee, retired lawyer Jeremy Morgan QC – an expat himself – pointed out the plight of British expats living in Europe, adding the threat of losing the...
27 Sep at 6 PM 2019

Survey shows Brit expats prefer their lives overseas

A recent survey involving 1,000 British expats suggests nostalgia for the home country has finally faded. Results of a survey launched by an independent financial advisory firm include the fact that more than half of Britons living overseas feel their home country has changed for the worse, with only one third saying they’d return on a permanent basis at some time in the future. For some three- quarters of respondents, living overseas as an expat has had a profound effect on how they see their country of origin, with 44 per cent...
25 Sep at 6 PM 2019

Does the ongoing Brexit chaos affect Brit expats in Thailand?

Without a doubt, Brexit has become a disaster for British expats living anywhere in the EU, but how is it affecting those who chose Southeast Asia as their destination? The political turmoil caused by what was sold to the general public as a non-binding advisory referendum hasn’t just resulted in expat dreams being shattered all across Europe, it’s also hurt UK nationals living, retiring or working in the rest of the world including Southeast Asia. During the past three years, the value of sterling has fallen dramatically,...
19 Sep at 6 PM 2019

Brit pensioners in EU don’t trust government’s three year uprate guarantee

In spite of the UK government's promise, British expats in Europe are still fearful over their state pension uprates. It seems the recent announcement by the then UK Work and Pensions Secretary Amber Rudd that UK state pension uprates would continue to be paid to British retirees in Europe for three years isn’t being regarded by those affected as being set in tablets of stone. As a result, the comparatively short period of time is causing added anxiety amongst British expat pensioners across Europe. Together with the devastating...
16 Sep at 6 PM 2019

Expats in French village terrified over no deal Brexit

Expats in a charming French village are living in fear of a no deal Brexit. British expats make up a quarter of the population of the quaint French village of Gouarec, and are becoming more and more anxious about their futures as the clock winds down to October 31. Their fears are focused on access to French healthcare and their pension entitlements, as well as losing their rights to free movement as many have family and friends back in the UK. As has been the case since the 2016 referendum, they’ve been unable to get concrete...
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...
28 Aug at 6 PM 2019

To retire or keep working is the new expat dilemma

If you’re working in the UAE and hoping to retire there, planning your financial future is important. Expats in the emirates are facing a retirement crisis, according to investment professionals. The UAE makes no provision for expat pension schemes or social security, in spite of the fact that a good number of expat professionals would prefer to spend their retirement in a place they now call home. As with the vast majority of developed countries, life in the Gulf States isn’t cheap, with costs of living similar to those in...
27 Aug at 6 PM 2019

Is Thailand seeing an expat exodus to Vietnam?

For more than a decade, Thailand has been a favourite destination for Western expats looking to enjoy better weather than in the home country, a more laid-back lifestyle and a lower cost of living. For expat retirees in particular, Thailand was the top choice for many years, but a recent change in attitude by the military-run government and its immigration department has caused a good number to consider relocating to friendlier shores. Another reason for this decision is the combined effect of inflation and the overly strong baht on...
22 Aug at 6 PM 2019

Brexit chaos ruining would-be British expat retirement plans

A recent survey suggests Brexit is wrecking overseas retirement plans for British citizens. The survey was carried out by Canada Life and involved 1,006 Britons over the age of 50 who were considering moving overseas after retirement. The results weren’t encouraging, as almost half of respondents who’d been planning to retire overseas were now reconsidering and resigning themselves to staying in the UK. Others believe the threat of Brexit and the difficulties of retiring in Europe without freedom of movement is causing them to...
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...