World Events And Currency: Why Politics Affect An Exchange Rate


Financial - FC Exchange

Have you ever wondered why the pound fell after the UK Brexit referendum or snap election? Considered why you get more euros for your money when there’s an uprising of populist parties in the currency bloc? Or found that your dream home abroad was cheaper one month when there was some political uncertainty in your chosen country? Political unrest is tricky as no one can predict what might happen to a country. If you’re living in the UK, headlines claiming the pound has fallen or risen on Brexit developments are commonplace, whereas if you’re based elsewhere you might find developments in Europe or geopolitical tensions with North Korea might impact your domestic currency and the one you want to buy.   more ...

  Expat Focus Financial Update November 2017


Financial - Expat Focus

Growth In Expat Buy To Let Mortgages

Growing numbers of British expats looking for a buy to let mortgages has led to a new high in demand, says one firm.

Research from Liquid Expat Mortgages reveals that over the past year demand has soared, with enquiries for UK buy to let mortgages increasing by 90 percent. This is despite stricter stress-testing regulations introduced by the Prudential Regulation Authority, which is part of the Bank of England. However, thanks to a weak pound, the UK's property market is an attractive investment opportunity for many expats. The firm says that most enquiries are from expats in the UAE, who account for 30 percent of the total, with 15 percent coming from Hong Kong and 10 percent from Singapore.   more ...

  What Might Brexit Mean For Expat Finances?


Financial - Expat Focus

It's still too early to tell for sure what the ramifications for either a ‘hard’ or a ‘soft’ Brexit might be, since there are other issues to consider, such as:

• The steadily weakening pound
• Uncertainty over pension entitlements
• Interest rates that are below the rate of inflation.   more ...

  Halloween Traditions in Countries Across the World


Financial - FC Exchange

If you’re new to another country or are looking to move abroad, you might be interested to find out what kind of Halloween celebrations you can look forward to enjoying. While some countries have festivals that can last several days, others celebrate this time of year in a very different way, and some barely acknowledge the event at all. We looked at some of the popular expat destinations to see what you might expect.   more ...

  Expat Focus Financial Update October 2017


Financial - Expat Focus

Brexit Could Void Expat Pensions

The UK's chancellor of the exchequer, Philip Hammond, has been warned that British expats face losing their pensions and having their insurance voided as a result of Brexit. This is because insurance and pension firms based in the UK may be barred from taking money from EU customers unless the issue of contracts is addressed in negotiations.   more ...

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