ProACT Sam Orgill Highlights the steps Expats should consider taking to secure their future Living and Working Abroad.

Have you ever tried to agree a sabbatical from work or school, to find yourself embroiled in a negotiation and conditions? That you have to use holiday pay, or forgo pay, that you must evidence the reasons for the absence? 

Or have you ever tried to change your working hours, gain some flexibility, to have conditions applied to your reasonable request made with best intention?

ProACT Sam says that the apparent breakthrough in withdrawal treaty negotiations can give Expats extra confidence, but that we already had certainties of the changes ahead for Expat business and individuals.

After the Brexit vote the UK GBP v EURO fell from as high as Euro 1.30 to GBP £1.00 to around Euro 1.11

As with many things in Brexit we hear constant reports of currency falling or rising. 

As our report showed last year , for all the ups and down, Pound Sterling as a currency has been around 1.11 for the last two years.  

So this weekends news that after all the politicking , all the PR from vested interests, all the lobbying , a withdrawal treaty is suddenly agreed between the EU and UK negotiators, has an immediate impact on currency.

Straight away we see this happening, a jump in the EURO:GBP Rate to Euro1.13 to £1.00. No surprise.

The EU Brexit Vote has hit British Expats Living and Working in the EU hard. The day after the Brexit vote on 24/6/2016 Sterling started a currency fall that at the start of September 2017  sees the Pound trading at £1.07 to 1.00 Euro – a might fall of nearly 25% in 15 months.

This means UK Expats transferring there Pound sterling to Euro now get 3 apples not 4. The meal out in a Spanish or Cyprus restaurant is a meal for three with someone left at home.

The UK pension payment that converted to Euro 2000 in June 2016 now converts to 1500.

That has a dramatic effect on your spending plans.  It’s one less trip back to the UK this year, the planned mini cruise postponed until another year.

Why is the £Pound so low against the Euro?

Read more to receive our free guide; 4 Expat Actions to Save on Currency Exchange