what does it fall under.......

Tryinghardtosave

I have a trading 212 Invest account and I have some GBP in it earning interest. If I exchange to another currency and earn interest on that, is that then classed as cash earning interest or does it remain a asset as I bought it with GBP and when I convert it back does it get treated as a "profit" rather than interest ?
I hope that makes sense. 

TIA. 

PRAISETHESUN

Foreign currency interest is still interest and is taxed as such. Separately however will be the issue if you realised a gain from your currency trading. I'm not sure how HMRC views that for CGT or other tax purposes. Someone else might be better placed to comment on that.

Tryinghardtosave

Thanks, so I will have interest and CGT to think about.