This currency update is brought to you by Smart Currency Exchange.
The data says the world is a wonderful place, full of opportunity, but sometimes you need a little reassurance. The same goes for currencies.
Listening to some people (and social media) recently you might be forgiven for thinking that we are all going to hell in a handcart, with political upheaval, refugees and terrorism. The truth, as anyone who delves into the data can tell you, is that in human development terms we’ve never had it so good. War, hunger, violence, disease, illiteracy, childhood mortality and exploitation are falling more quickly than ever before in the 200,000 years of our species. The world is a great place, and getting better all the time. On the whole we’re more educated, open-minded and caring too. One advantage of buying a home abroad is the greater world view it gives you.
On the whole we’re more educated, open-minded and caring too. One advantage of buying a home abroad is the greater world view it gives you.
We are also living in the days when information has never been so available. Those reading this now are about the 10,000th generation of homo sapiens and you are the best informed of the lot. Or at least, you have all the world’s data and knowledge available in your back pocket via your smartphone.
Anyway, we were pondering this in Manchester at the weekend, when Smart Currency Exchange had a stand at a new property show, Your Overseas Home. What struck the team was that with all the information available online, the whole of the world’s knowledge, what really counted was having someone in front of you to talk to!
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Your Overseas Home is a new kind of show – there are more planned this summer and next spring – with the emphasis being on getting detailed information. All those little queries we heard being answered at the seminars and from other stands: what will really be the effect of Brexit, how easy it is really to buy a home in Italy or France, what’s happening to prices in Spain, should I be getting a golden visa in Portugal? (You can get all these questions answered at PropertyGuides.com by the way).
It all feeds into the currency markets and affects – really affects – what your overseas home will cost.
The most common question for us on the stand at Smart Currency Exchange was, you guessed it, where will the pound be going next? There are many answers to that question, and none! A range of factors will come into play over the next few months and years, involving Brexit and its effect, or not, on the UK economy, whether growth in the Eurozone continues, whether President Trump can deliver on his promise to “make America great again”, what happens to the Far-Eastern economies, and much else besides. It all feeds into the currency markets and affects – really affects – what your overseas home will cost.
While there is valuable information online, there is nothing quite so useful as talking to a genuine expert. Someone like David Comber, senior trader at Smart Currency Exchange, with a decade’s experience helping people transfer their money at the right time to get the best property for their money. When you open your free account with Smart, you will get the chance to talk through your plans with David or a member of the team. They don’t earn a commission, so your success is their success. Of course you could pay your £754 for a subscription to the Financial Times, but our guidance comes free!
Give us a call on 02078980541 and open your Smart account today.
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