How low will sterling fall to?

jerusalem2006

With sterling dropping steadily, is it time to now switch savings into other currency? Since we are not going to be making much interest on savings in UK banks and the possibility of a near-worthless £ it does look like an attractive option.
How low will sterling fall to. Frightening times :eek:

jon3001

Don't worry. Those stacks of £20 notes will always be useful for keeping the house warm. So they won't be completely worthless.

mrposhman

i've transferred some of mine to more secure stocks that pay a decent dividend. Basically as long as the share price stays around the same, the dividends that I am receiving will more than beat my savings income.

A little riskier but it all depends on the shares you pick. I went for oil, they are low at the moment due to the low price of oil but pay decent dividends but there are plenty of other industries where the share prices shouldn't fluctuate too much and they will pay consistent dividends.