A reader asks: ‘How do I navigate the shoals of being between U.S. and French citizenship, without having to put all my assets into cash and sticking them under my mattress for a few years?’

Saranac Partners, a Mayfair, London-based wealth manager for private clients and high-net worth individuals founded in 2016, has become the third London-based wealth manager in a month to unveil a wealth management service for U.S. expatriates.

The combination of significantly lower prices for desireable London property and a strong U.S. dollar – both seen as at least in part as the result of uncertainty over Britain's political future as a result of the UK's Brexit troubles – has seen at least some wealthy Americans snapping up some of the most expensive of these London properties, at reduced prices that most people would still consider to be eye-watering.

Four of the largest U.S. banks with a presence in the U.K. have warned their staff that commuting from London to European cities will not be a "long-term option” for them after Brexit, and that financial support for travel and accommodation costs will be withdrawn within months of their jobs being transferred to Europe, the Financial Times has reported.

The Woodbrook Group, a fast-growing advisory business based in Cyprus that recently revealed its plans to undertake a reverse IPO in the States, is to begin looking after U.S. citizen clients around the world within the next 12 months, its founder and chief executive has said.

News that the U.S. dollar was again spiking against the British pound today, on news that Prime Minister Theresa May's draft Brexit deal was coming in for criticism and had prompted two cabinet ministers to quit, was seen as adding fresh complexity to the difficulties American expatriates looking to buy U.K. properties were already struggling with, mortgage industry sources told the American Expat Financial News Journal.