Avoiding the pitfalls

Volatile currency markets are causing headaches for those planning to retire overseas. However, if planned carefully there are ways that people can get the most out of their money. The Bank of England's decision to keep interest rates on hold provides little comfort to those that have invested in the ever slowing UK property market, or to those buying currency to invest in property overseas. Most experts agree that the UK economy is on a downward spiral and as a result sterling has weakened considerably. Whether sterling will bounce back or continue to fall in value are the big question...