Coronavirus developments and March’s economic reports have continued dictating market sentiment in recent weeks, resulting in significant currency volatility.
The GBP/EUR exchange rate rose from lows of €1.06 to €1.14 while EUR/GBP dipped to €0.87.
Meanwhile, GBP/USD recovered from 1.14 to 1.24, while EUR/USD fell from highs of 1.11 to around 1.07.
Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…
Despite upcoming reform, Britons moving to Portugal can still enjoy ten years of tax benefits under the special NHR scheme.
Many people move to the Algarve for a lifestyle change or to enjoy some sunshine in their retirement years. But Portugal also offers much wider appeal, as new residents can receive a decade of generous tax breaks through the non-habitual residence (NHR) regime.
Money is one of the hardest, but most important things to master. It is barely taught about in schools and what they do teach will not set you up for the big wide world of finance. If you are like me, you are thinking about your future, primarily how you are going to afford your future. If you have a large number of outgoings this can be a long and grueling task. It was for me, and because of that, I have come up with some insights to make your journey that much easier.
Expatriates to pay at least €7,500 in income tax per year on foreign sourced pensions
With the proposed NHR changes in the 2020 State Budget, promoting Portugal as the “Florida of Europe” might soon become more difficult.
We are all caught in the frenzy of life, working diligently and vigorously in different fields and industries. While some industries may be forgiving and patient with mistakes, others may not be as patient or at all forgiving. This is mostly because of the losses that might occur in some industries, like the foreign exchange market, which would not be as costly in others. For that reason, a strict code of conduct should be followed, and some do’s and don’ts that will protect you from great losses. If you are keen to know some of these do’s and don’ts, read on!
As 2019 draws to a close, this is a good time to reflect upon the last 12 months before looking forward to the year ahead. What happened that may have affected your finances or that might need further consideration in the new year?
Portugal's burgeoning 'sharing economy' has unlimited potential to enhance and redefine the lifestyle of future generations – but demands new solutions to promote long-term financial security, according to experts.
A brainstorming ‘think-tank’ hosted by the British Portuguese Chamber of Commerce (BPCC) brought together international business leaders from the co-living, co-working, construction, property and international investment sectors. It involved delegates from Russia, Australia, Germany, Tunisia, Brazil and Angola alongside British and Portuguese counterparts.
