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investing euro cheque
mikededent
Posts: 1 Newbie
I have a fairly large bankers euro cheque as the exchange rate is poor, euros to £'s, at the moment and I may next year choose to purchase again in Europe can I have some advice of deposit/saving accounts/investments in euros.
Thank you
Thank you
0
Comments
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You seem to be conflating two issues.
One is currency risk and valuations, why do you think the euro is weak at the moment, it is compared to a year or two ago but problems within the eurozone mean that it could be much weaker next year.
If you're looking at this for the short term then investment isn't the way to go, would have to be savings. I don't believe there is a short term option for savings paying anything like a good return for euros, if it were me I would cash in now and save or invest the money in sterling, assuming you are uk resident.0
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