Savings in euros or dollars to protect against £ currency crash?

sparkey1

The pound is stronger against the dollar and the Euro.



So you could buy either, however currency markets dont work the way you think. Its priced into the market already.


If anything buy FTSE 100 companies that earn significant revenue overseas. If the £ goes down, the shares will go up.

dividendhero

sparkey1 wrote: »

The pound is stronger against the dollar and the Euro.

For last 8 months the pound's been steadily losing about 1% a month

sparkey1 wrote: »

If anything buy FTSE 100 companies that earn significant revenue overseas. If the £ goes down, the shares will go up.

True, but it's a bit like saying you're taller because you shrank the ruler

Thrugelmir

dividendhero wrote: »

For last 8 months the pound's been steadily losing about 1% a month

What positions do the currency speculators hold?

ally138

I have looked into this. As far as I can work out (It is far from clear) you can get Irish 'NHS' free if you are resident. There are more charges, but private health insurance seems much more reasonable. They can only have a delay before covering existing conditions, but cannot refuse to cover and if you move immediately to a new insurer they must also cover all conditions. Also insurance / medical costs are tax deductible.

It is complicated so I may be mistaken. Unable to post with links,but google 'a short guide to buying health insurance in ireland' and look for an artilc by someone called 'Antoin'