Hedging your bets
Discussion
I have to buy Euros regularly. I would wait, but it is largely guesswork. If inflation creeps up, so will interest rates. This normally strengthens the pound if inflation and interest rates stay stable in the EU zone. Unless myriad other factors interfere. Which they could easily and probably will do
Very uncertain times. BoE adamant they won't raise interest rates but surely if the £ drop's too far they'll have no choice.. I fixed my mortgage on that basis. I too need to buy euros so setup a current account with HSBC and you can drip feed money into the € account periodically. Then when you need it withdraw in cash over the counter. No charges.
Behemoth said:
I have to buy Euros regularly. I would wait, but it is largely guesswork. If inflation creeps up, so will interest rates. This normally strengthens the pound if inflation and interest rates stay stable in the EU zone. Unless myriad other factors interfere. Which they could easily and probably will do
tl;dr: might go up, might go down.Gassing Station | Finance | Top of Page | What's New | My Stuff