'Foreign exchange trading figures attract Brits overseas'

Potential expats looking to capitalise on foreign exchange trading figures by living overseas have been urged to fully prepare themselves for their move abroad.

Writing in the Independent, finance expert Laura Latham recently drew attention to the number of Brits who are considering starting new lives in international locations.

The strong euro is potentially drawing Brits beyond traditional destinations such as France and instead pushing them to more distant locations, including Canada and Turkey.

However, the expert highlighted warnings that urge potential expats to investigate the exchange rates and job prospects of their chosen destinations, in order to make their moves abroad a success.

Ms Latham wrote: "The global recession of the past year has left many expats struggling to cope with financial difficulties.

"The catch is that unless they sell up, they have no way out - but in such a poor market, they can't sell at a price that will leave them with any capital."

Meanwhile, comparison portal moneysupermarket.com recently stated that Brits may get better foreign exchange trading deals when using online providers rather than high street shops and banks.

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By Linsey Summers