Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

24 Apr at 6 PM 2020

Brit expats in Andalusia concerned over plans to reopen beaches

The popular Spanish beachside hotspot of Andalusia is planning to open its 1,000 kms of beaches in time for the summer season, but with restrictions imposed. In a desperate attempt to claw back some of the damage to its tourism revenue by the pandemic, Andalusia’s government is planning to re-open its swathe of beaches during July and August. The region is popular with British expat retirees, many of whom are now concerned the move may reignite a surge in pandemic victims, even although strict social distancing rules will apply....
28 Feb at 6 PM 2020

Potential British expats queuing to purchase overseas property before it’s too late

Although Brexit is now as close as is possible to a done deal, would-be British expatriates are rushing to purchase property in Europe before the door finally closes. In spite of the continuing risk of a no-deal exit at the end of this year and the uncertainty of future rights, Brits are rushing to buy bolt holes in mainland European Union member states. Unsteady or unfavourable exchange rates notwithstanding, the importance of getting out from under a disaster in the making is causing an unexpected exodus. European realtors and...
25 Feb at 6 PM 2020

Will post-Brexit Anglo-Chinese relationships affect Brit expats?

How are British expats in China reacting to the possible consequences of Brexit? The UK’s post-Brexit relations with China aren’t just a matter for governments as the future of British expats in China may hang on the success of negotiations. At the present time, most UK citizens living and working in the massive country seem more concerned over the various risks to their futures from the coronavirus epidemic than on the remote possibility of Brexit’s wrecking of their lifestyles in their chosen location. When asked how they...
31 Jan at 6 PM 2020

Does Brexit mean an expat buy-to-let free for all?

Will Brexit lead to even cheaper buy-to-let bargains for expats? British estate agents specialising in buy-to-let properties in the UK believe Brexit will lead to cheaper house prices and more expat investment opportunities. Now that Brexit is finally a reality, this year’s negotiations may exacerbate Britain’s already stalling property price growth. According to realtors specialising in investor buy-to-let homes, growth at present is just 1.3 per cent with the exception of Edinburgh and Manchester, having fallen from its rate of...
20 Dec at 6 PM 2019

Expat landlords to be hit by new law changes

Should expat landlords be worried about the Johnson government’s new policies concerning the landlord/tenant relationship? Given that the Conservative Party’s victory in the UK’s general election has seen a small recovery in the sterling exchange rate as well as surging share prices, have expat buy-to-let landlords any cause for concern over new tenancy laws? Together with recent changes in policy, it’s quite possible new laws strengthening tenants’ rights are on their way as well as rules concerning the standard of rental...
10 Dec at 6 PM 2019

Brit expats in Shanghai hold debate over election and Brexit

A debate held by a group of British expatriates living and working in Shanghai reinforced the strength of feeling held by UK citizens overseas. Brexit is still of critical importance to British expats in China, even although they’re many thousands of miles away from home. Last Sunday’s debate in Shanghai was dominated by this week’s election and its possible effect should Johnson remain as Prime Minister and Brexit become a reality. The debate took place at one of British expats’ favourite bars, with five speakers...
7 Dec at 6 PM 2019

Expat parents overseas saving money on UK private education due to sterling fall

Whilst British expat retirees on state pensions are struggling to deal with the drop in purchasing power caused by the plunging pound, expat parents with generous salaries in dollars or yen can buy cut-price British private education. British private boarding schools are regarded as the world class gold standard for education, as are the top British universities, with parents all over the world competing for places. Given that sterling is now at a 34-year low, expat and overseas parents are now able to afford to send their kids to the...
6 Dec at 6 PM 2019

Brit expats fearing further sterling falls if election brings hung parliament

British expats living overseas could see yet another sterling crash if a hung parliament is the result of the upcoming general election. UK expats living on their state pensions in Europe and other favourite retirement destinations are having a tough time since the pound fell against a basket of other currencies including the Euro, the US dollar and several Asian currencies such as the Thai baht. Any further devaluation of sterling could mean elderly expats are forced to choose between paying rentals, service bills and medical costs...
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...