Brexit
Josquin
Posts: 99
Forumite
Hi
With the pound sinking further and further, is it
worth putting savings into a EU bank account?
Has anyone done this?
How is it done?
Many thanks
With the pound sinking further and further, is it
worth putting savings into a EU bank account?
Has anyone done this?
How is it done?
Many thanks
0
Comments
-
£ is relatively unchanged for the past year against the €. Why do consider the £ to be sinking?0
-
With the pound sinking further and further, is it
worth putting savings into a EU bank account?
Do you go abroad at all?
You say "sinking". Are you reading only headlines rather than the actual figures as sinking seems very extreme. Only a newspaper would call a drop back to what it was the previous month "sinking".I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
You might find it worthwhile to read some of the other threads where much the same question is asked (and answered):
https://forums.moneysavingexpert.com/showthread.php?t=5838916
https://forums.moneysavingexpert.com/showthread.php?t=58758770 -
Oh i thought it was 1.1 euro to the pound
as opposed to 1.5 a few weeks ago.
Is that not sinking?0 -
-
-
Oh i thought it was 1.1 euro to the pound
as opposed to 1.5 a few weeks ago.
Is that not sinking?
It is currently 1.12. It hasnt been 1.5 since 2007.
This time last year it was 1.11 but fell to 1.08 late August. Since Sept 2017, it has been relatively stable moving between 1.12 and 1.15.
are you mixing up an earlier dollar/sterling rate?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Oh i thought it was 1.1 euro to the pound as opposed to 1.5 a few weeks ago.
- High 1.16
- Low 1.08
https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=2Y0
This discussion has been closed.
Categories
- All Categories
- 342.5K Banking & Borrowing
- 249.9K Reduce Debt & Boost Income
- 449.4K Spending & Discounts
- 234.6K Work, Benefits & Business
- 607.1K Mortgages, Homes & Bills
- 172.8K Life & Family
- 247.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards