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Euro vs Pound – Brexit Impact

When judging the likelihood of a Brexit I prefer not to listen to polls as they never seem to get it right.  Currently, polls are showing 50-55% to stay in and 45-50% a Brexit depending on which one you look at.  I prefer to look at what the real experts are saying, the guys who put their money where their mouths are and use every resource and data available.  These are the bookies!  Both William Hill and Paddy Power are offering odds of 1/3 that the UK will stay in and 9/4 for a Brexit.  This averaged out indicates around a 30% chance of the Brexit happening.

When investing I try to eliminate extra risks for my clients so it is best to keep things simple.  If you hold Euros and live in Spain, invest in Euros.  If you hold Sterling invest in Sterling and do not change for change’s sake as this will just create additional costs and risks that are not needed.

I have been a fully-qualified financial adviser for 28 years and also understand the needs of expats and the rules that apply to ex-British living and retiring in Spain. So if you need to talk through your own situation then please feel free to contact me and we can have a no obligation discussion about the best way forward for your investments. Get in touch by filling in one of our contact forms.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Lasting Power of Attorney for Expat Investors

Research by the Alzheimer’s Society suggests that two-thirds of people who have sought financial advice have a lasting power of attorney (LPA) in place, but this, potentially, means a significant proportion of Brits do not have the protection that LPA offers.

Unfortunately, there is a common misconception among many expats (highlighted in a survey of UK expats conducted by Old Mutual International in 2017) that a spouse, child or financial professional can automatically sign documents and manage the welfare and monetary matters of a person who loses mental capacity. This is not the case; your family members could be left vulnerable should you become unable to manage your affairs without having LPA in place.

Good expat financial advice would generally advocate local legal advice to help ascertain whether or not an existing LPA, i.e. one that was drawn up in the UK, is valid in your location of residence. Generally speaking, however, common law jurisdictions will recognise a British lasting power of attorney, but it is always worth checking.

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End of an era? How the 2023 budget has changed the pension landscape

During the Spring budget, Chancellor Jeremy Hunt sent shockwaves through the pension landscape with some of the largest changes in recent history to affect pension savers.  Whilst the finer details are still to be ironed out; in summary the changes include: All the measures have been designed to encourage people to work for longer and […]

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