Morgan Stanley – Pound below parity with Euro next year – BUY NOW

brexit

If you plan to retire to France or enjoy a holiday home in France - buy now before the Brexit deadline and before the pound weakens.

Experts predict the pound will weaken and UK retirees will move to Europe sooner rather than later.

With so much uncertainty around the Brexit negotiations, it is not surprising that those who dream of an idyllic life in the sunshine are rushing to settle in their European country of choice before it is too late, on the basis that ‘possession is nine-tenths of the law’ and that it is better to be in the country before the Brexit deadline than trying to move after.

Morgan Stanley predict that the euro will be worth more than Britain’s pound by the end of the first quarter of 2018, and by the end of 2018, €1 will be worth £0.91. Read the full article here.

One of the key issues yet to be finalised with regard to Brexit is free movement, without which European countries will not give equivalent retirement rights, including health care, to British retirees if the same arrangements are not reciprocated to their own nationals choosing to live in Britain.

While Brexit negotiations are likely to secure a deal to protect the rights of those already living abroad, there is a big question mark over what opportunities there will be after the UK leaves the EU, hence the rush to buy property now.

That said, European countries such as France rely heavily on tourism for its economy and have benefited from Britons buying property and spending money in shops and restaurants. With more than 84 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income from tourism.