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Pound exchange rates advances as UK growth revised up

Currencies DirectThe pound saw a late pick up last week, ending the session slightly up from the multi-month lows struck earlier in the week as it was supported by some revised GDP figures.
Sterling appears to be trending narrowly this morning, with GBP/EUR muted at €1.1317, GBP/CAD flat at C$1.7346, while both GBP/AUD and GBP/NZD hold steady at AU$1.7865 and NZ$1.9490 respectively. Only GBP/USD has seen any notable movement so far, as it slides 0.3% to $1.3167.

Pound exchange rate slumps on mounting Brexit uncertainty

Currencies DirectThe pound fell back again on Thursday with the shadow of Brexit continuing to hound market sentiment.
Meanwhile, trade in Sterling appears mixed this morning, with GBP/EUR sliding to €1.1267 and GBP/AUD plummeting to AU$1.7816, while both GBP/NZD and GBP/CAD are holding steady at C$1.7335 respectively NZ$1.9371. Only GBP/USD is showing any positive movement so far as it ticks up to $1.3109.
Looking ahead, the pound may suffer further losses this morning if UK GDP is confirmed to have fallen to 0.1%, as expected, at the start of 2018.

The advantages of Portugal’s non-habitual resident tax regime

The advantages of Portugal’s non-habitual resident tax regimeExpatriates moving to Portugal can potentially receive foreign income such as UK pensions completely tax-free for ten years under a special scheme.

You may consider moving to Portugal for a lifestyle change or to soak up some sunshine in your retirement years. But did you know you could also enjoy a decade of generous tax breaks? That’s because Portugal offers new residents special tax benefits under the non-habitual resident (NHR) regime.

In the Crystal Ball: Brexit and Pensions

In the Crystal Ball: Brexit and PensionsFrom an international tax point of view, Pensions are a somewhat unusual form of income. Most types of income are first taxable at source. Then the country of residence (in this case, Portugal), grants a tax credit equal to the home jurisdiction assessment, thereby eliminating the double taxation. The process concludes with the application of Portuguese fiscal rules. In many cases, the final Portuguese assessment is similar to the tax credit, so the conclusion is usually neutral. 

Pound exchange rates subdued in build-up to key EU summit

Currencies Direct

Trade in the pound was fairly mixed on Monday, with Brexit uncertainty weighing heavily on the currency ahead of an EU summit later in the week.

Sterling appears to have stabilised this morning, with GBP/EUR flat at €1.1349, GBP/USD trading narrowly at $1.3273, and GBP/CAD stable at C$1.7650. While both GBP/AUD and GBP/NZD are holding steady at AU$1.7926 and NZ$1.9300 respectively.

Pound exchange rates strengthen as UK Brexit Bill passes

Foreign Currency The Pound rallied against the majority of its peers on Wednesday, with markets welcoming the passing of the UK’s Brexit bill through Parliament.

Sterling sentiment is more subdued this morning however, with GBP/EUR flat €1.1375, GBP/CAD stable at C$1.7504 and both GBP/AUD and GBP/NZD holding steady at AU$1.7855 and NZ$1.9213 respectively. Meanwhile GBP/USD is currently trending lower, striking $1.3146.

Pound exchange rate strengthens, currency markets reflect on central bank policy changes

Currencies DirectThe Pound closed out last week on a fairly stable footing against the majority of its peers, with the currency looking to consolidate Thursday’s gains after some notable movement in currency markets.
Sterling appears to be falling back again this morning however, while GBP/EUR is holding steady at €1.1442, the majority of pairings are sliding, with GBP/USD tumbling to $1.3232, GBP/CAD dropping to C$1.7449 and GBP/AUD and GBP/NZD dipping to AU$1.7790 and NZ$1.9077 respectively.
Looking to today’s session, a number of speeches by various central bank policymakers, including the ECB’s Mario Draghi, are likely to be the driving force in currency markets.

Why do exchange rates move so much?

Why do exchange rates move so much?Here at Premier FX, this is a question we get asked very often. And it’s not difficult to see why, when just a few percentage points movement can make a huge difference to the amount of money you will receive when making a transfer.

And the fundamental thing to understand is that currency exchange is a true market. That is, the relative values depend on supply and demand, and all currencies have a “price”. It’s exactly the same principle as your local food market. If there’s a strong demand for vegetables for instance, but bad weather has damaged crops thereby reducing supply, then the prices in the market will go up.