Those involved in running Alojamento Local properties to serve the booming tourism market can expect more involvement from their local Council and interference from their neighbours.
After months of discussion, MPs voted on July 17th, on a raft of Alojamento Local (AL) changes, with the Communist Party and Left Bloc voting with the ruling Socialists to ensure the proposals were passed.
The pound was able to mount a recovery against its peers on Friday, with a U-turn from Trump regarding a post-Brexit trade deal helping to light a fire under Sterling.
Sterling appears to be consolidating at the start of this week, with GBP/EUR muted at €1.1321, GBP/USD flat at $1.3239 and GBP/CAD stable at C$1.7413, while both GBP/AUD and GBP/NZD are holding steady at AU$1.7820 and NZ$1.9544 respectively.
The pound fell back against the majority of its peers during yesterday’s session, with the currency being knocked by comments from President Trump.
Sterling remains on the defensive this morning, with GBP/USD falling to $1.3135 and GBP/CAD sinking to C$1.7309, while GBP/EUR is muted at €1.1289 and both GBP/AUD and GBP/NZD are holding steady at AU$1.7774 and NZ$1.9474 respectively.
Looking forward, the only notable data release today is set to be the latest US consumer confidence figures, with a possible dip in household sentiment potentially dragging on the US dollar…
The pound rebounded against most of its peers at the end of last week as the UK government agreed to a Brexit strategy deal.
Trade in Sterling is mixed this morning, with GBP/USD ticking up to $1.3314 and GBP/CAD rising to C$1.7422, with GBP/EUR is muted at €1.1307 and GBP/NZD holding steady at NZ$1.9462. Meanwhile GBP/AUD is sliding, having struck AU$1.7838 in early trade.
Looking ahead, markets are likely to be focused on UK political developments today, with a possible shakeup of Theresa May’s Cabinet following Brexit Minister David Davis’s shock resignation, potentially damping Sterling sentiment.
The pound was met by volatility on Thursday, with a brief spike in the UK currency being wiped out by the end of the day as Brexit uncertainty began to cloud sentiment once again.
Sterling remains shaky this morning, with GBP/EUR muted at €1.1304, GBP/USD flat at $1.3231 and GBP/CAD unmoved at C$1.7375, while both GBP/AUD and GBP/NZD are edging lower, striking AU$1.7876 and NZ$1.9428 respectively.
Looking ahead, the US will publish its latest labour figures today, with the US dollar potentially strengthening if they print in line with expectations…
The 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.
The 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.
Expatriates 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.
