International News

At Gerard Associates Ltd we continue our daily look at factors affecting markets and currencies allowing some insight into conditions affecting exchange rates.

 

Cash and income timing from a UK Pension income drawdown, flexible pensions or QROPS (Qualifying Recognised Overseas Pension Scheme) should be considered to maximise the Pension drawdown, QROPS and investment income taken.

 

Investment market volatility and currency exchange remains a challenge. The global economics are volatile and unprecedented in history. Currency exchange continues to concern expats with UK Pensions, income drawdown now including flexible pensions, a QROPS and QNUPS (Qualifying non UK Pension schemes).

 

IN THE UK  

In a report released by the British Chambers of Commerce today, the UK economy will probably avoid a recession this year and the government needs to do more to increase lending to help a “weak” recovery. GDP is expected to rise 0.3% in the first quarter after a 0.3% drop in the last three months of 2011. The BCC forecast annual growth of 0.6%, less than the 0.8% predicted by the government.

GBPEUR broke through major resistance levels yesterday in a mid afternoon spike, reaching a high of 1.2056. However it soon subsided to the low of 1.1977 which was 10 pips lower than markets opened.

Sterling achieved a 10 week high against the US Dollar, touching 1.6062 after UK Manufacturing PMI hit a ten month high. Cable has strong support at 1.5770 and this latest breakout has shifted focus to the October high at 1.6150.

After positive PMI Construction figures released this morning, the focus is now on the more important Services sector PMI tomorrow for further evidence of economic health. Stronger data for the services sector, which accounts for roughly 70% of the economy, could trigger further short-term gains.

WORLDWIDE

EURUSD reached a high of 1.3380 in yesterday’s session and a low of 1.3278, the euro fell almost 0.5% mid-afternoon after positive US Manufacturing data but recovered to close back over 1.33.

In the US, the ISM manufacturing PMI rose in March from 52.4 in February to 53.4 and beat forecast by 0.4. This made it the 32nd consecutive month of expansion in the sector. After the strong release GBPUSD dropped back to trade below 1.60, but this correction only lasted around one hour before sterling rallied back above 1.60 again.

US Construction Spending MoM for Feb fell short of expectations, posting a 0.3% drop to -1.1% compared to a forecasted 0.6%.

European unemployment for February increased in line with consensus, up by 0.1% from the previous 10.7% January release.

The Foundation for Economic and Industrial Research (IOBE) released a worrying report on the Greece’s economic outlook. Conclusions included an underestimation of GDP contraction being revised to exceed 5% for 2012, a 2.7% rise in unemployment to 20% this year and inflation to ease by 2.1% to 1%.

Irish Manufacturing PMI expanded for first time in 5 months, most likely due to increased export demand from the US. This will be a relief after the Irish economy slid back into recession in late 2011 for the first time since 2009.

Australia's central bank left interest rates unchanged as expected, currently held at 4.25%. GBPAUD dropped back to 1.5323 from 1.5387 after the news, however sterling has recovered that loss and opened today’s session at 1.5412.

HSBC Holdings said yesterday that The Norwegian central bank may have to impose a Swiss-style cap on the Norwegian krone to curb its strength against the euro.

DATA RELEASES (GMT)

Today

9:00 Several data release's for the euro zone includes GDP QoQ and YoY for Q1, as well as Producer Price Index YoY and MoM for February.

14:00

US Factory Orders MoM for February.

18:00

US FOMC minutes from the meeting held earlier this month.

Today

Italy will also hold a Government debt auction throughout the day.

INTERBANK RATES (09.00 GMT)

 

GBP

EUR

USD

HKD

AUD

GBP

 

1.2012

1.6025

12.4430

1.5416

EUR

0.8325

 

1.3341

10.3594

1.2834

USD

0.6243

0.7497

 

7.7651

0.9621

 

 

CAD

ZAR

NOK

SEK

CHF

GBP

1.5877

12.2450

9.0836

10.5612

1.4458

EUR

1.3217

10.1904

7.5623

8.7925

1.2039

USD

0.9908

7.6393

5.6686

6.5907

0.9023

 

Gerard Associates Ltd advises UK residents, expats and people considering living abroad on the technical and currency options available for Pensions, pension income drawdown, flexible pensions, QROPS, QNUPS and investments in a clear format allowing all customers to make an informed choice. Our service encompasses Pension including QROPS and QNUPS and investments in a clear format allowing all customers to make an informed choice.

 

This with the reassurance and security of UK FSA authorised and regulated advice - essential for your security.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At Gerard Associates Ltd we continue our daily look at factors affecting markets and currencies allowing some insight into conditions affecting exchange rates.

 

Cash and income timing from a UK Pension income drawdown, flexible pensions or QROPS (Qualifying Recognised Overseas Pension Scheme) should be considered to maximise the Pension drawdown, QROPS and investment income taken.

 

Investment market volatility and currency exchange remains a challenge. The global economics are volatile and unprecedented in history. Currency exchange continues to concern expats with UK Pensions, income drawdown now including flexible pensions, a QROPS and QNUPS (Qualifying non UK Pension schemes).

 

UK

The pound fell the most in 5 weeks against the euro as the final print of Q4 UK GDP figures were revised down to 0.3% from earlier estimates of 0.2%. GBPEUR fell immediately from 1.1972 to 1.1913 whilst GBPUSD gradually fell over course of the day from 1.5954 to 1.5850.

Data released this by Nationwide has shown that house prices fell by 1.0% in March, the biggest monthly fall since Feb 2010. The fall is blamed on a stamp-duty holiday that ended for homes costing less than £250,000.

UK Mortgage Approvals released at 9:30 have shown a drop to 49.0k form 57.9k last month. Net Conusmer Credit has risen slightly to 0.4bn, ahead of estimated on 0.2bn.

GBPUSD this morning has recovered some of yesterdays losses, currnently trading back over 1.59.

WORLDWIDE

EURUSD slipped below 1.3300 overnight but has emerged this morning trading at 1.3321. The euro remains well supported ahead of the Eurozone Finance meeting tomorrow.

Germany warned yesterday that calls for a higher firewall could destroy the credibility of the Eurozone's response to its debt crisis, responding to OECD (Organisation for Economic Co-operation and Development) demands this week for €1 trillion to prevent the debt crisis from spreading.

US Durable Goods Orders rose less than expected in February, orders rose by 2.2% against an estimate of 3.0%. This shows a significant rise from January's 3.7% fall.

The Australian dollar fell against all 16 of its major trading currencies pairs after comments from Treasurer Wayne Swan suggested a programme of spending cuts was imminent. AUDUSD fell to a two month of 1.0336 as additional fears of Chinese manufacturing slowing down also applied pressure.

Russian consumer prices rose 0.2% in the week to March 26 to 0.2%, after a rise of 0.1% per week for almost two months, the Federal Statistics Service said Wednesday. This brings Russian consumer price inflation to 1.3% since Jan. 1, compared with 3.7% in the year-earlier period. Prices have risen by 0.5% in March

Italy’s borrowing costs declined yesterday as the nation sold €8.5bn of bills at the lowest yield in more than a year.

Russia sold $7 billion of bonds yesterday, the most by an emerging-market government since 2009, as soaring oil prices boosted confidence in the world’s biggest energy exporter. The Russian ruble appreciated by 0.3% against the US dollar 29.294.

DATA RELEASES

10:00

Eurozone Consumer Confidence, expected to rise marginally to 94.6 from 94.4 last month.

Today

1:30 US GDP figures are expected to show an annualised figure of 3.0%

Today

1.30 US Real Personal Consumption Expenditures and Gross Domestic Purchases Price Index.

Today

Fed members Lockhart and Bernanke speak later this evening.

INTERBANK RATES (09.00 GMT)

 

GBP

EUR

USD

HKD

AUD

GBP

 

1.1941

1.5926

12.3660

1.5339

EUR

0.8375

 

1.3337

10.3520

1.2846

USD

0.6279

0.7497

 

7.7646

0.9630

 

 

CAD

ZAR

NOK

SEK

CHF

GBP

1.5899

12.2200

9.1118

10.5611

1.4396

EUR

1.3314

10.2333

7.6269

8.8438

1.2056

USD

0.9982

7.6724

5.7220

6.6313

0.9041

 

Gerard Associates Ltd advises UK residents, expats and people considering living abroad on the technical and currency options available for Pensions, pension income drawdown, flexible pensions, QROPS, QNUPS and investments in a clear format allowing all customers to make an informed choice. Our service encompasses Pension including QROPS and QNUPS and investments in a clear format allowing all customers to make an informed choice.

This with the reassurance and security of UK FSA authorised and regulated advice - essential for your security.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At Gerard Associates Ltd we continue our daily look at factors affecting markets and currencies allowing some insight into conditions affecting exchange rates.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

 

Cash and income timing from a UK Pension income drawdown, flexible pensions or QROPS (Qualifying Recognised Overseas Pension Scheme) should be considered to maximise the Pension drawdown, QROPS and investment income taken.

 

Investment market volatility and currency exchange remains a challenge. The global economics are volatile and unprecedented in history. Currency exchange continues to concern expats with UK Pensions, income drawdown now including flexible pensions, a QROPS and QNUPS (Qualifying non UK Pension schemes).

 

UK

Sterling spent the majority of last week range bound versus the Euro, opening last week at 1.1983 and trading between a high of 1.2020 and low of 1.1904, closing Friday’s session on 1.1951.

 

Last week GBPUSD opened at 1.5808, trading between a range of 1.5876 and 1.5654 before the week closed at 1.5676.

 

UK Quarterly GDP Estimates released on Friday showed 0.1% growth, up from the -0.2% released in January, showing the UK economy has returned to growth but is still precariously close to a double dip recession.

 

UK Deputy PM Nick Clegg said yesterday that the budget to be delivered on March 21 will continue to prioritise cutting the government's debts.

WORLDWIDE

The Greek default became official after the International Swaps & Derivatives Association condemned last week's swap deal. The “Collective Action Clause” forced the unwilling creditors which in turn invokes the use of credit default swap insurance contracts worth around $3bn.

 

EURUSD had a volatile week opening Monday at 1.3190, then spiking to 1.3290 before eventually dropping to the low of 1.3096, not far from where the week closed on Friday at 1.3113.

 

On Friday, the US Labour Department released Non Farm payroll data, labour markets benefited from their best 6 month streak since 2006, while the unemployment rate held steady at 8.3%.

 

The IMF are due to meet this week to vote on a €28bn Greek loan, IMF members have expressed concerns over boosting its exposure to Greece.

 

Italian GDP figures out this morning indicated the Italian economy shrank by 0.7% in the fourth quarter of 2011 as previously estimated, while the annual rate has been revised up to -0.4% from -0.5%.

 

Last week, Spain revised its 2012 budget deficit to 5.8% from the 4.4% previously committed to the EU, provoking angry reactions from EU officials for such a sharp downward revision.

 

 

The likelihood that Poland’s central bank will cut interest rates is increasing as the economy is set to grow next year at the slowest pace since 2009.

 

Canada is expected to have a free trade deal with Europe completed by the end of this year.

 

The recent decline of Japanese Yen could be intensified in this week if the Bank of Japan emphasizes its willingness to take the inflation to an annualised 1.0%.

DATA RELEASES (GMT)

18:00

US Monthly Budget Statement is forecast to show a growing deficit -$229bn from the January release of just -$27.4bn. This is the only significant data due to be released today.

INTERBANK RATES (09.00 GMT)

 

GBP

EUR

USD

HKD

AUD

CAD

ZAR

NOK

SEK

CHF

GBP

1.1956

1.5680

12.1655

1.4896

1.5540

11.8715

8.9429

10.6631

1.4413

EUR

0.8364

1.3114

10.1751

1.2459

1.2997

9.9310

7.4798

8.9184

1.2055

USD

0.6378

0.7626

7.7587

0.9502

0.9911

7.5724

5.7040

6.8005

0.9192

 

Gerard Associates Ltd advises UK residents, expats and people considering living abroad on the technical and currency options available for Pensions, pension income drawdown, flexible pensions, QROPS, QNUPS and investments in a clear format allowing all customers to make an informed choice. Our service encompasses Pension including QROPS and QNUPS and investments in a clear format allowing all customers to make an informed choice.

This with the reassurance and security of UK FSA authorised and regulated advice - essential for your security.

At Gerard Associates Ltd we continue our daily look at factors affecting markets and currencies allowing some insight into conditions affecting exchange rates.

 

Cash and income timing from a UK Pension income drawdown, flexible pensions or QROPS (Qualifying Recognised Overseas Pension Scheme) should be considered to maximise the Pension drawdown, QROPS and investment income taken.

 

Investment market volatility and currency exchange remains a challenge. The global economics are volatile and unprecedented in history. Currency exchange continues to concern expats with UK Pensions, income drawdown now including flexible pensions, a QROPS and QNUPS (Qualifying non UK Pension schemes).

 

UK

Sterling posted a heavy loss against the US Dollar, touching a low of 1.5696 after falling nearly 2 cents from the day’s open at 1.5873.

GBPEUR experienced another quiet day on Tuesday, marginally extending Monday’s trading range staying within 0.25% of 1.20 all day.

The UK was not subject of any significant data release’s yesterday or today. Thursday’s statement from the MPC meeting is the focus now, after a clear divide emerged last month regarding the UK Quantitative Easing policy.

The UK government lacks a "compelling vision" for the future of the economy beyond stabilizing its own finances, Business Secretary Vince Cable has told the prime minister and deputy prime minister, according to a letter obtained by the BBC.

WORLDWIDE

European stocks registered their largest losses of 2012 as investors continued to fret about the global growth outlook, while there was also escalating nervousness ahead of the Greek debt swap and how willingly private creditors would participate in the deal by the March 8 deadline.

EURUSD was unable to weather the ominous warning that, according to the Institute of International Finance, a Greek default could cost the region upwards of €1 trillion. The troika are preparing for involuntary restructuring and saw the Euro strike a 20-day low of 1.3103.

Quarterly European GDP was released in line with expectation of +0.3% but Annual figures for the same data surprised the market at +0.7%, a direct reversal of the anticipated -0.7%.

Federal Reserve Chairman Bernanke hinted that the US may breach their 2% inflation target in the short term to lower unemployment.

Canadian PMI from the Ivey index yesterday suggested that business conditions are improving, posting 66.0 after January’s post of 55.7, yesterday’s release even surpassed the 62.3 tipped by analysts.

Australia's central bank said Wednesday that it is alert to the possibility of an overshoot by the strong Australian dollar. Deputy Governor Of the Reserve Bank of Australia Phil Lowe said it is possible for currencies to "overshoot" and the current environment for the Australian dollar makes it a possible candidate.

Australia's average measure of Gross Domestic Product rose 0.4% in the fourth quarter of 2011 from the third quarter and rose 2.3% from the year earlier. The data was lower than expected. Economists had forecast GDP to rise 0.8% on a quarterly basis and 2.4% from the previous year.

Swiss unemployment held steady at a 10-month high in February at 3.4%, as sluggish growth in its key export markets dissuaded companies from hiring staff.

 

DATA RELEASES (GMT)

11:00

German Factory Orders will indicate the health of the Eurozone’s largest economy. After last month’s 0.7% expansion, analysts are preparing for a deceleration to 0.6%.

13:15

US Non-Farm Payrolls are expected at 204k today, an improvement on January's 170k.

13:30

Canadian building permits data is expected to show a contraction of 3.1%, heavily down on last month’s 11.1% growth.

20:00

RBNZ release their quarterly statement on monetary policy and an update of cash rates with no change expected to their cash rates..

 

GBP

EUR

USD

HKD

AUD

CAD

ZAR

NOK

SEK

CHF

GBP

 

1.1984

1.5736

12.2165

1.5743

12.0472

8.9510

10.6784

1.4446

1.4905

EUR

0.8345

 

1.3131

10.1945

1.3137

10.0515

7.4710

8.9110

1.2055

1.2437

USD

0.6356

0.7617

 

7.7635

1.0005

7.6554

5.6878

6.7862

0.918

0.9474

 

 

 

 

Gerard Associates Ltd advises UK residents, expats and people considering living abroad on the technical and currency options available for Pensions, pension income drawdown, flexible pensions, QROPS, QNUPS and investments in a clear format allowing all customers to make an informed choice. Our service encompasses Pension including QROPS and QNUPS and investments in a clear format allowing all customers to make an informed choice.

This with the reassurance and security of UK FSA authorised and regulated advice - essential for your security.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At Gerard Associates Ltd we continue our daily look at factors affecting markets and currencies allowing some insight into conditions affecting exchange rates.

Cash and income timing from a UK Pension income drawdown, flexible pensions or QROPS (Qualifying Recognised Overseas Pension Scheme) should be considered to maximise the Pension drawdown, QROPS and investment income taken.

Investment market volatility and currency exchange remains a challenge. The global economics are volatile and unprecedented in history. Currency exchange continues to concern expats with UK Pensions, income drawdown now including flexible pensions, a QROPS and QNUPS (Qualifying non UK Pension schemes).

 

UK

Sterling continues to experience weakness from last week’s release of the BoE MPC minutes. GBP/EUR traded between a 1.1847 session high and 1.1783 low yesterday just steering clear of that 1.1755 10 week low seen last week but dangerously close to the critical 1.1764 level.

 

Against the US dollar sterling hasn’t been able to trade above the key resistance level, now at $1.5905, since Oct. 31 and hasn’t closed above it since Sept. 2. A failure to breach this level soon could lead to a weaker pound into Q2.

Yesterday cable kept it’s head above 1.58 following significant gains made over the weekend but steadily lost ground, dropping from a high of 1.5888 after the positive housing data from the US came out to the low of 1.5810.

Sterling lost massively against Aussie in Monday’s session, shedding over 1.4% from a high of 1.4891 to 1.4682. The pair stabilised to close at 1.4714. AUD made similar gains of 1.26% against USD and 1.5% against EUR.

 WORLDWIDE

 

Greece’s credit rating has been revised to Selective Default by S+P as a result of the Government revising the rules regarding private sector involvement (PSI). All private bondholders will now participate in the bond swap to help the Greek economy achieve its EUR130bn rescue package.

 

German decision makers have endorsed a second Greek bailout package with huge support in a 496/591 pro vote. Finland and the Netherlands will also be voting on the bailout package this week.

 

Germany released Gfk Consumer Confidence Survey early this morning and exceeded expectations for both;  YoY and MoM for January. Figures were 2.5% (consensus 1.8%) and 2.0% (consensus 1.8%) respectively.

 

Spain acknowledged it had fallen short of its 2011 budget deficit targets on Monday, achieving 8.51% of its GDP instead of the 8% cited by the new PM Mariano Rajoy in December.

 

EUR/USD all but reversed Friday’s dramatic push to 1.3485 yesterday. The pair opened at the day’s high of 1.3468 but by lunchtime had touched the low of 1.3366.

 

There are indications the U.S. economy is improving. The number of Americans signing contracts to buy previously owned homes in January rose 2 percent from the previous month and doubled forecasts.

 

Japanese Retail Trade figures MoM January were well up on consensus last night, beating the 1% projected with an actual figure of 4.7%.

 

The yen has plunged since the Bank of Japan, which has struggled against deflation, said on Feb. 14 that it would aim for 1 percent annual gains in consumer prices and would add 10 trillion yen to the economy.

 DATA RELEASES (GMT)

10:00

The European Monetary Union will see 3 simultaneous releases of Consumer, economic and industrial confidence figures at 10am with marginal movement expected.

11:00

UK CBI Distributive Trades Survey - Realized MoM for February is published and expected to read -19% versus the previous -22%.

13:00

Germany’s Consumer Price Index data for YoY February and is projected to have no change from the previous 2.1%. The MoM figure for February however is pitched to rise from -0.4% to 0.5%. Both sets are released.

13:30

US Durable Goods Orders for January are expected to drop significantly from 3% to -1%.

15:00

American Consumer Confidence for Feb

 

 

GBP

EUR

USD

HKD

AUD

CAD

ZAR

NOK

SEK

CHF

GBP

1.1795

1.5862

12.2995

1.4718

1.5790

11.9405

8.8390

10.4128

1.4212

EUR

0.8479

1.3447

10.4277

1.2479

1.3387

10.1227

7.4939

8.8292

1.2050

USD

0.6306

0.7438

7.7549

0.9281

0.9956

7.5289

5.5734

6.5662

0.8961

Gerard Associates Ltd advises UK residents, expats and people considering living abroad on the technical and currency options available for Pensions, pension income drawdown, flexible pensions, QROPS, QNUPS and investments in a clear format allowing all customers to make an informed choice. Our service encompasses Pension including QROPS and QNUPS and investments in a clear format allowing all customers to make an informed choice.

This with the reassurance and security of UK FSA authorised and regulated advice - essential for your security.

 

 

 

 

 

At Gerard Associates Ltd we continue our daily look at factors affecting markets and currencies allowing some insight into conditions affecting exchange rates.

Cash and income timing from a UK Pension income drawdown, flexible pensions or QROPS (Qualifying Recognised Overseas Pension Scheme) should be considered to maximise the Pension drawdown, QROPS and investment income taken.

Investment market volatility and currency exchange remains a challenge. The global economics are volatile and unprecedented in history. Currency exchange continues to concern expats with UK Pensions, income drawdown now including flexible pensions, a QROPS and QNUPS (Qualifying non UK Pension schemes).

 

IN THE <?xml:namespace prefix = st1 />UK

 

• GBP was stable against EUR and USD yesterday shrugging off warnings by Moody’s. GBP/EUR saw a high of 1.1957 and did not dip below 1.1930 in overnight trading.
• The pound rallied 1.5734 during yesterday’s trading from a 1.5674 open against USD; although the US posted better than expected ‘Core’ Retails Sales, the pound was helped by poor non-core Retail Sales, posted at only 0.4% as opposed to the 0.8% expectation.
• This morning despite the unemployed claimant count rising by 6900, the rate of unemployment remained on par with last month’s 5.0%. There were some rumours this morning that the rate would rise suddenly, as these didn’t materialise the pound has remained unscathed.

 

ELSEWHERE

 

• 12 EU member states including Italy, Spain, UK and France, are vulnerable to further shocks due to significant economic imbalances.  This is the view of the EU Commission.  High levels of private and public debt, persistent current account deficits and house market bubbles mean tighter surveillance is needed for at risk countries.  States receiving financial aid were excluded from the list.
• Euro rose to 103.48, highest level against JPY since December, after China indicated it is prepared to assist in the resolution of the Eurozone debt crisis.
• JPY dropped against all its major peers, apart from the euro, after new easing steps from the BoJ indicated the central bank will take steps to protect the economy from currency strength.  GBP/JPY increased to 123.36 and USD/JPY rests at 78.44.
• German full year GDP figures show growth of 3%, despite a negative 0.2% contraction on the seasonally adjusted Q4 GDP figures.
• French preliminary GDP figures showed a pickup in the fourth quarter, with growth of 0.2% rather than the expected negative .2% contraction.  On live release of this data the euro stayed at 1.3171 on the dollar.
• Italy is expected to post a contraction of 0.4% which would be the second straight quarter of decline, and an official recession.
• French PM Francois Fillon argues that constitutionally a referendum is needed for France to implement it’s commitments under the new EU treaty.  If France fail to deliver this would significantly undermine the fiscal unity demanded of the EU by funding institutions like the IMF.
• In Australia the leading employment indicator suggests claims fell for February bucking a 5 month increase. Personal finance rose to 0.4%, and auto sales increased to 1.3%.  On the markets this only materially impacted the USD which saw a fractional loss against Aussie.  EUR and GBP remain at their low levels of 1.22 and 1.46 respectively.

 

DATA TO LOOK OUT FOR (all times GMT)

 

• The market will scrutinise the Bank of England’s inflation report at 10.30 today. The report is a key indicator as to the BoE’s likelihood to increase stimulus later in the year.
• Sentiment for the FOMC in the US will give a clearer idea of the extent of pick up in the world’s largest economy, this may return risk appetite to the market.
• GDP figures for the Eurozone as a whole will be watched closely in the lead up to crucial discussions between EU finance ministers this evening. 

 

Current Spot Rates (9.00am)

 

 

 

 

 

 

 

 

 

USD

EUR

AUD

CAD

CHF

DKK

NOK

HKD

SEK

ZAR

JPY

GBP

1.5685

1.1917

1.4575

1.5610

1.4387

8.8592

8.9788

12.1611

10.46

12.08

123.069

USD

 

0.7599

0.9292

0.9952

0.9172

5.6482

5.7245

7.75

6.67

7.70

78.463

EUR

1.3160

 

1.2230

1.3099

1.2073

7.4341

7.5344

10.20

8.78

10.14

103.272

 

 

Gerard Associates Ltd advises UK residents, expats and people considering living abroad on the technical and currency options available for Pensions, pension income drawdown, flexible pensions, QROPS, QNUPS and investments in a clear format allowing all customers to make an informed choice. Our service encompasses Pension including QROPS and QNUPS and investments in a clear format allowing all customers to make an informed choice.

This with the reassurance and security of UK FSA authorised and regulated advice - essential for your security.