Portugal has long been a favored destination for expatriates, thanks in part to its Non-Habitual Residency (NHR) program. This program, introduced in 2009, offered significant tax benefits to foreign residents for a period of ten years.

Dollar uncertainty and volatility has continued into Wednesday as traders were still left guessing on the Donald Trump's plans for tariffs and what impact this may have on trading partners.

Yesterday marked President Trump’s inauguration, a highly anticipated event that has already begun to influence global markets. His return to the White House has reinvigorated discussions around U.S. fiscal policy, trade agreements, and potential shifts in geopolitical dynamics—all of which hold significant implications for the U.S. Dollar (USD).

Last week was challenging for Sterling, with disappointing data culminating in weak retail sales figures. This pushed GBPEUR to 1.18 and GBPUSD to 1.21.

We have seen GBP taking further losses in Friday’s morning session against both the EUR and USD after UK retail sales were released this morning. British retail sales were expected to increase by 0.4% in December.

Pound Sterling has lost further ground against both The Euro & US Dollar this morning after it has emerged that UK GDP figures in November undershot expectations of 0.2% growth, only growing by a meagre o.1%. 

Please remember that before you submit your Personal Income Tax (IRS), you need to perform some tasks as per the new habits acquired in the previous years: tasks like validating or registering invoices at the tax portal are now procedures that became part of the routine of any taxpayer.

Pound Sterling has had a bit of a reprieve this morning with December Inflation figures coming in surprisingly lower than initial forecasts had predicted.