At Gerard affiliates Ltd we continue our daily look at factors inviting markets and currencies allowing some insight into circumstances affecting exchange rates.
Cash and income nowness from a UK Pension or QROPS (qualifying Recognised Overseas pension Scheme) should be considered to maximise the Pension, QROPS again investment income taken.
Investment tout volatility and currency exchange remains a challenge. The global economics are volatile and unprecedented in history. foreign money exchange continues to concern expats with uk Pensions, QROPS and because QNUPS (Qualifying non UK grant ploys).
Monday’s release of the manufacturing Purchasing Managers’ Index (PMI), coming in at the supreme level since July, had boosted sterling. The positive information came on the back of last week’s GDP data showing the economy grew twice as fast as expected notoriety the 0.33 latitude. However future growth was darkened yesterday by means of terrible UK Construction PMI Data and Sovereign selling adding pressure on the pound.
Activity growth in Britain’s construction sector slowed more than expected in October to its weakest in 8 months, after The Market/Chartered Institute of purchasing also Supply construction PMI fell to 51.6 esteem October from 53.8 in September.
Consensus expected the data to be slightly weaker at 53.0 the previous month, however the 51.6 figure was adjacent too close to the 50.0 level which if broken would time in contraction, rather than a growth.
“The buying manager