Currency exchange continues to concern many expats with UK Pensions and QROPS. Sterling is strengthening against the â'uro bur weakening against the Dollar. The complexity for Pension and QROPS and investment strategies also needs continued monitoring of exchange rates to optimise returns. Continuing our daily look at factors affecting currencies allows some insight into market conditions affecting exchange rates. Cash and income timing for UK Pensions and QROPS should be considered to maximise the Pension, QROPS and investment income and benefits taken. Sterling rose to a near 9-month high against the Euro yesterday as ongoing concerns over the Euro zone debt problems spreading to other Euro zone members continued to affect the single European currency. Fears the Euro zone debt crisis may not end with Greece added to safe-haven demand for the dollar and pushed sterling to a five-week low versus the U.S. currency (1.5047) The concerns about Greece were more of a concern to the markets than the uncertainty ahead of the UK election and sterling rallied against the Euro with traders seeking the safety of the US dollar. This morning sterling has pushed on further vs. the Euro hitting a nine month high against a weak Euro (1.1805). Concerns over the health of the Euro zone economy still outweigh the uncertainty surrounding the UK election which is forecast to be the closest vote for nearly 20 years. The UK electorate began voting early this morning with the polls closing at 21.00hrs. The latest polls put the conservatives ahead but in some polls it leaves them ahead but with the majority and in others they just scrape the majority. A hung parliament would not please the markets who want a clear-cut result, the markets fear that a hung parliament could lead to delays in tackling the UK fiscal deficit which now stands at 11% of GDP. For the moment however, concerns that Greece's debt problems is still drawing the market’s attention. Gerard Associates Ltd advises expats and people considering living abroad on the options available for Pensions, QROPS and investments in a clear format allowing all customers to make an informed choice. This with the reassurance and security of UK authorised and regulated advice.
Please Rate this Article 5 out of 54 out of 53 out of 52 out of 51 out of 5
Not yet Rated
