How to protect savings from possible GBP crash after Brexit?

am.jovial

I am bit worried about possible GBP crash after the brexit.
I have an option to transfer my UK savings in GBP to my home country in Asia. I can invest it there by spreading in real estate, bonds, and stock markets.
But, if GBP rallies after Brexit, transferring now would be a bad move.
One of my friends suggested me to transfer it into EURO and/or USD and hold it there till brexit settles down.
Any suggestions how to handle this situation please?

Thanks in advance.

Best Regards,
Am

marlot

Before the 2016 vote, I moved a lot of my savings into US tracker funds. I did very well.


My savings are with HL, but there are plenty of others - many of them cheaper.

AnotherJoe

am.jovial wrote: »

I am bit worried about possible GBP crash after the brexit.
I have an option to transfer my UK savings in GBP to my home country in Asia. I can invest it there by spreading in real estate, bonds, and stock markets.
But, if GBP rallies after Brexit, transferring now would be a bad move.
One of my friends suggested me to transfer it into EURO and/or USD and hold it there till brexit settles down.
Any suggestions how to handle this situation please?

Thanks in advance.

Best Regards,
Am

So thats what, five or ten years?

EachPenny

am.jovial wrote: »

I am bit worried about possible GBP crash after the brexit.
I have an option to transfer my UK savings in GBP to my home country in Asia. I can invest it there by spreading in real estate, bonds, and stock markets.
But, if GBP rallies after Brexit, transferring now would be a bad move.
One of my friends suggested me to transfer it into EURO and/or USD and hold it there till brexit settles down.
Any suggestions how to handle this situation please?

Thanks in advance.

Best Regards,
Am

As you and your family are planning to relocate to your home country (your wife and daughter now, you in a year or two):-
https://forums.moneysavingexpert.com/discussion/comment/75670610#Comment_75670610
...then clearly the sensible thing is to start transferring your assets to your home country.

When you do it, and whether in one lump or spread over a period of time, is something which depends on how much of a gambler you are:- nobody on a forum like this can predict for certain what will happen next.

Why do you think the Pound will "crash" after Brexit, and how do you define "crash"?

Kendall80

Its difficult to predict such things. If we have a confirmatory referendum and just 'call the whole thing off' then the pound may well rally. A cautious approach maybe to split the difference - 50:50.

dunstonh

One of my friends suggested me to transfer it into EURO and/or USD and hold it there till brexit settles down.

Still subject to currency fluctuations back to Sterling and could go against you the softer Brexit ends up (if it happens at all).

Any suggestions how to handle this situation please?

Be diversified. A typical investment portfolio of global equities and UK equities gives you a spread in both sides.

jimjames

am.jovial wrote: »

I am bit worried about possible GBP crash after the brexit.

If your savings are in GBP and the GBP crashes then your savings are still worth exactly the same. "The pound in your pocket is unchanged"

If you meant investments rather than savings then there are options but Brexit has been known for some time

System

jimjames wrote: »

If your savings are in GBP and the GBP crashes then your savings are still worth exactly the same. "The pound in your pocket is unchanged"

If you meant investments rather than savings then there are options but Brexit has been known for some time

That is what Harold Wilson said when he devalued the pound in 1967. It was nonsense then and it is nonsense now. The real value of the pound will fall if it depreciates as imports will be more expensive.

Mr.Saver

Economic wrote: »

That is what Harold Wilson said when he devalued the pound in 1967. It was nonsense then and it is nonsense now. The real value of the pound will fall if it depreciates as imports will be more expensive.

But we are exiting the EU. Imports will be more expensive anyway

jaybeetoo

marlot wrote: »

Before the 2016 vote, I moved a lot of my savings into US tracker funds. I did very well.


My savings are with HL, but there are plenty of others - many of them cheaper.

Are you sure your savings are with HL? It is more likely your investments are with them.

There is a big difference.

am.jovial

marlot wrote: »

Before the 2016 vote, I moved a lot of my savings into US tracker funds. I did very well.


My savings are with HL, but there are plenty of others - many of them cheaper.

How do I do that please?