If you have savings, investments or pensions have you changed anything to avoid currency fluctuations due to brexit?

[Stressedoverkids]

A thread inspired by a recent letter to review all your financial arrangements regularly.

I don't have a lot but do have a small pension which I won't be taking for at least 10 years and a rainy day fund of around 3K. So not a lot but I cannot afford either to go down massively.

Tempted to change 2K into Euro and keep in the house. Does that sound positively mad?

For perspective I have four kids and a fairly stable part time job. Dh has his own business so at higher risk.

I'll be watching your thread with interest OP. We have just drawn down funds for a home extension which probably we'll be spending in the next 3-8 months. I'm feeling very nervous about having that sum in sterling sitting in my bank account. It's crossed my mind to split it up and spread my risk. No idea how to go about it!

Actually thinking of getting some Euro myself now. For all my pessimism we are actually going on holiday to an EU country next year.

We aren’t doing anything, although we have probably reduced what we would normally put in to savings as we are spending it on things we need. However a friend of ours with substantial funds has split theirs to different banks in different countries/currencies: however the travel and work internationally so it’s practical for them and they won’t really “lose out” whatever happens.

If you are spending in sterling it won’t matter. If you have global investments then yes the currency fluctuations might have an impact but not for sterling bank accounts that you are going to spend in the UK