Doing anything to protect savings during Brexit?

Prism

csgohan4 said:

the best investors are those with hindsight. You cannot predict the market, unless your Warren buffet

You could argue that Warren Buffet doesn't especially care what the market does. Its not within his control and ultimately not that relevant over the long term.

Alexland

masonic said:

Yet here we are with a deal agreed, and sterling is ever-so-slightly down on the week, and fell from the morning high once the agreement was announced in the afternoon.

The reality is that the existence of a deal still leaves many uncertainties (not all of them related to Brexit) and exchange rates could go up or down from here.

Maybe there wasn't a load of pent up demand waiting to pounce on sterling as soon as a deal was announced but I still expect the gradual lifting of uncertainty should cause global investors to get comfortable with it again. 1.40 usd still looks very achievable in the short term.

Thrugelmir

What's required is meaningfull economic data. The UK is already well underway with the initial vaccination programme. The AZ/Oxford vaccine may receive approval before the New Year. If it does, the spring/summmer period should start to see an economic rebound. 

Sailtheworld

We'll know the true efficacy of the vaccine(s) by the end of February. The aim of the rollout is to target those with the highest mortality risk. If they've been dealt with by the end of January then we should see deaths fall to near zero in short order.

My prediction would be that the UK economy would rapidly open up at that point even if the UK government failed to expand the rate of vaccination.

Best way to protect your savings? Either do nothing or limit the downside by not having too much in the way of savings.