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Is anyone moving their savings to Euros?

30 replies

Tawdrylocalbrouhaha · 07/02/2019 16:02

I am not a prepper or anything but it would go against the grain to watch my meagre but hard earned savings devalued by 50% hen Brexit occurs, so I am wondering about putting them into Euros or dollars.

Is anyone doing this, and if so how are you going about it? I would like to be holding only what is in my wallet in Sterling by the big day.

OP posts:
larrygrylls · 07/02/2019 19:20

Don’t expect short term market movements (and sometimes even medium term ones) to always reflect fundamentals.

Also on a PPP basis, GBP is about 15% undervalued. Of course that could be more than justified in a messy Brexit.

However, if Brexit proceeds better than expected, you could see a very hard and fast rally in GBP.

SilverySurfer · 07/02/2019 19:20

No.

DadDadDad · 07/02/2019 20:20

why do you think gold carries a lot of risk?

Risk can have upside and downside, but anything that can fall in value by 17% in half a year (see my earlier post) carries a lot of risk by definition.

Interested in this thread?

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MorbidlyObese · 07/02/2019 20:32

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scaryteacher · 07/02/2019 21:02

We're moving euros back to sterling and paying of the UK mortgage.

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