UK expats keep preference for sterling

Professional Adviser
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UK expatriates are staying faithful to sterling, according to research from Alliance & Leicester Int...

UK expatriates are staying faithful to sterling, according to research from Alliance & Leicester International. Around 84% choose sterling for their savings, while less than a third save in euros and only 5% save in dollars. This trend is more prominent in the over-35s age group, where an even higher percentage use sterling only. The country of residence seems to influence the currencies in which expatriates hold their savings. For example, 91% of UK expats living in Belgium save in sterling while in Spain the number is only 79%. Despite the predominance of sterling, investors often i...

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