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Bring sterling home

  • 10-10-2016 9:03am
    #1
    oirishfruitie
    Registered Users Posts: 103 ✭✭


    Any advise appreciated....

    I have savings in UK. I really didn't expect BRexit and therefore the drop in the pound. It earns next to no interest over there as I live in Ireland.

    Wondering what people would advise? Take it back to Ireland and take the hit now. Wait a few years and hope that the pound strengthens? Other ideas were to invest in property just across the boarder here? I don't need access to it at the moment but I don't want it totally locked up either.

    Thanks


Comments

  • #2
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 83,051 ✭✭✭✭Atlantic Dawn
    M


    It's going to be turbulent over the next 2.5 years. If it was me I would not go waiting for the pound to strengthen back to where it was pre Brexit, this may never happen.


  • #3
    whatnext
    Registered Users, Registered Users 2 Posts: 916 ✭✭✭whatnext


    It's a lottery. In the same boat.
    Have taken some back pre Brexit, but am struggling to reconcile in my head moving more at current rates. It's mentally draining trying to second guess the market, but ultimately the market is predicting a worsening situation for us both.

    I'm hoping for a bit more volatility and if there is an upswing for what ever reason I will pounce then.


  • #4
    daithijjj
    Registered Users, Registered Users 2 Posts: 7,588 ✭✭✭daithijjj


    oirishfruitie wrote: »
    Any advise appreciated....

    I have savings in UK. I really didn't expect BRexit and therefore the drop in the pound. It earns next to no interest over there as I live in Ireland.

    Wondering what people would advise? Take it back to Ireland and take the hit now. Wait a few years and hope that the pound strengthens? Other ideas were to invest in property just across the boarder here? I don't need access to it at the moment but I don't want it totally locked up either.

    Thanks

    I would hold, i am holding myself (live in UK though). I have Euro also and i intend to buy Sterling, i see this as an opportunity. Its volatile. It almost reached parity 8 or so years ago, then 15 months ago it was 1.43 to the pound.

    A lot of things can happen between now and 2018.


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