Experts Reviews On The Options Available For Pensions

We continue our daily look at factors affecting currencies allowing some insight into market conditions affecting exchange rates

. Cash and income timing for UK Pensions and QROPS should be considered to maximise the Pension, QROPS and investment income and benefits taken.

Investment market volatility and currency exchange remains a challenge. Things are still very volatile and we are in unique global influencing territory. In conjunction with investment returns, currency exchange continues to concern many expats with UK Pensions, QROPS and now QNUPS.

After the Federal Reserve Governor Ben Bernankes gloomy assessment on the US economy on Wednesday evening sterling stalled to make gains on weaker risk appetite with caution setting in before the European bank stress tests results due out today.

The pound remained stable at $1.5180 after dipping to the week's low of $1.512.

Sterling was then certainly boosted yesterday by strong British Retail Sales for June which came in at 0.7% comfortably above a consensus of 0.5%. The unexpected rise was due to strong sales of electrical goods which saw a 0.7% monthly rise to $1.5273 official data showed yesterday.

A suggestion could be that these figures show consumer spending would give the GDP growth a worthy boost in the second quarter, the first estimate will be released on later today.

Moving forward however analysts have reservations about consumption with the prospect of a rise in sales tax next year and public sector job losses as the UK government tightens its purse strings.

Consumer confidence in the euro zone reached a 26-month high in July as the struggling area tries to rid itself of its debt crisis. Consumer confidence was at -13.8 in July from the previous months figure of -14.9.

Consumer confidence is a lead indicator which demonstrates that the euro zone is continuing to recover from the worst economic crisis in a very long time and despite the agitation on its sovereign debt market and concerns about the health of its banks.

The US dollar was boosted yesterday by positive existing home sales data in June with sales of 5.37M against a consensus of 5.15M this was also assisted with the average price of a home being sold had risen by 1.0 percent.

The Canadian dollar strengthened against the US dollar as the greenback took a downward turn following Bernankes gloomy outlook for the US economy, while better than expected euro zone data supported riskier currencies.

Gerard Associates Ltd advises expats and people considering living abroad on the technical and currency options available for Pensions, QROPS, QNUPS and investments in a clear format allowing all customers to make an informed choice. Our service encompasses Pensions, investments, currency exchange and guidance on taxation in most popular sunnier climates. This with the re-assurance and security of UK authorised and regulated advice essential tools for your security.

by: adieaston

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