Protecting our money with brexit currency drops
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As no deal becomes more likely and sterling likely to drop again as a result.
Says who? The BOE could supports the £ with a rise in interest rates. After all their mandate is to provide financial stability. Likewise events internationally will impact other currencies too, i.e. the Euro. The outside world isn't so focussed on Brexit as you might imagine.0 -
I suspect the financial reality of Brexit is that we will simply have to live with greater currency volatility than in the past and the impact that will have on returns (positive and negative). In 2018, the most volatile major traded currency pairs have been GBP/USD, USD/JPY, USD/CAD, GBP/NZD, GBP/AUD, GBP/JPY, and GBP/CAD. Not hard to spot the currency that is most common, still a long way to go before GBP is as volatile as the Rand or Ruble though.0
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Thrugelmir wrote: »Future volatility will have much to do with global exit from an era of QE and the rippling impact across financially interlinked economies.
Right now the exit from QE seems more managed that the exit from EU!0 -
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AnotherJoe wrote: »But it might well buy more than £100 turned into Euros or Dollars and then back again into Pounds. Those transactions would likely lose more than losses through inflation.poppy100
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