The UK is currently seeing its currency falling in value against the US dollar. The sterling hit a historic 37-year low of $1.09 following the recent mini-Budget.
Whilst the latest drop against the dollar is a source of concern for British economic policymakers, international companies may be able to take advantage of the current weakness of the pound against the dollar.
We will outline the reasons why it might be the right time to invest in the UK below.
Get more for your dollar
The main reason is that the value of the capital you hold and intend to invest will currently be higher in pounds than it would have been last year giving you greater buying power.
Another benefit for US firms is that the money made from these investments is usually stated in dollars, which means that there is protection in place for you during this rocky period.
No time like the present
The pound could increase in value gradually over the coming weeks so if you are interested in investing in the UK, the timing is important.
At the start of the year, one pound was equal to $1.35, highlighting just how dramatic a fall it has taken over nine months.
Equally the strength of the US dollar could be tested as the world experiences global inflation.
The US dollar is the biggest reserve currency and is seen as a haven for its relative stability but uncertainty is prevalent everywhere so it is still important to consider these factors.
It can be a difficult decision to decide when to make the right investment but we can offer more advice to help you make the most of these opportunities in the UK.
Reanda UK is a subsidiary of leading independent accountancy firm Grunberg & Co Limited. Our aim is to help businesses and individuals to navigate the UK’s world-renowned business and tax infrastructure, and to support them with their international ambitions. To find out how we can help you, please contact us.