What a difference a month makes. Central bank speculation and political upheaval kept the major currencies on their toes in October
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Monthly Wrap October 2017 |
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John What a difference a month makes. Central bank speculation and political upheaval kept the major currencies on their toes in October, and we’ve seen some notable movements over the last few weeks. For starters, while the pound was able to rally to multi-month highs, its time at the top was not fated to last. Find out more in our latest exchange rate updates. Or, if you’ve had your fill of currency news, why not discover the top ten expat destinations of 2017 and read our report on the costs of buying and selling property in Spain... |
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| GBP – Pound punished after first rate hike for a decade | By the end of the month hopes that the Bank of England (BoE) would increase interest rates when it gathered in early November had helped Sterling rally to multi-month highs against the euro and Australian dollar and multi-week highs against the US dollar. | Read More |
| | EUR – Extension of QE pressures euro | Political uncertainty in the Eurozone eased a little in October (despite German Chancellor Angela Merkel’s lack of progress in coalition talks) as Spain activated Article 155, imposing direct rule on Catalonia and significantly reducing the odds of the region achieving independence. | Read More |
| | USD – New head at the Fed | The US dollar fared pretty well in October, closing the month in a stronger position against not only the pound and euro but the Australian, New Zealand and Canadian dollars as well. | Read More |
| | Which countries offer the most time off over Christmas? | Christmas is the season to spend time with family or friends, indulge and generally enjoy yourself. It’s not a time for reordering staples or dealing with a mountain of emails. | Read More |
| | What are the costs of buying and selling property in Spain? | Over 300,000 Britons enjoy the relaxed lifestyle and cheap cost of living offered in Spain, with the blend of Mediterranean landscapes, bustling urban areas and glorious sunshine proving the perfect combination for retires and young professionals alike. | Read More |
| | What are the top 10 expat destinations of 2017? | As we approach the end of 2017, Expat Insider has published its latest list of the best and worst places for expats. In this article we’ll be diving into what makes the countries at the top of this list so popular with expatriates. | Read More |
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