exchange rate move or best u.k saving rate
Mar 3rd 2010, 3:24 pm
#61
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Re: exchange rate move or best u.k saving rate
ISAs are a waste of money!
Mar 3rd 2010, 3:42 pm
#62
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Re: exchange rate move or best u.k saving rate
Its maybe, that like me, they have a property in the UK and would like to sell it or have sold it to finance buying a property in Australia. If you have several hundred thousand GBP then you are looking at taking a huge hit with the poor exchange rate if you transfer those funds. Instead they may be looking at parking those funds in the UK in the hope the the exchange rate improves.
Mar 3rd 2010, 11:35 pm
#64
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Re: exchange rate move or best u.k saving rate
Mar 4th 2010, 12:42 am
#65
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Re: exchange rate move or best u.k saving rate
Mar 4th 2010, 6:29 am
#66
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Re: exchange rate move or best u.k saving rate
Its been unofficially devalued already, just look at its loss of value against major currencies, about 20-30% in one year!
Yes, an official devaluation is unlikely but not impossible, it has happened before and in some ways would benefit the country. It would of course hurt anyone emigrating, unless they have diversified their assets.
Yes, an official devaluation is unlikely but not impossible, it has happened before and in some ways would benefit the country. It would of course hurt anyone emigrating, unless they have diversified their assets.
Mar 4th 2010, 6:43 am
#67
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Re: exchange rate move or best u.k saving rate
Less attractive to S.R. tax payers I would agree, but for someone to say they are rubbish without an alternative is not helpful as this thread is about moving money or finding the best UK saving rate.
Mar 4th 2010, 6:56 am
#68
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Posts: 595
Re: exchange rate move or best u.k saving rate
Its been unofficially devalued already, just look at its loss of value against major currencies, about 20-30% in one year!
Yes, an official devaluation is unlikely but not impossible, it has happened before and in some ways would benefit the country. It would of course hurt anyone emigrating, unless they have diversified their assets.
Yes, an official devaluation is unlikely but not impossible, it has happened before and in some ways would benefit the country. It would of course hurt anyone emigrating, unless they have diversified their assets.
Mar 4th 2010, 7:23 am
#69
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Posts: 22,348
Re: exchange rate move or best u.k saving rate
Is that not the point of fixed rate Isa bonds and also stocks and share Isas?
Less attractive to S.R. tax payers I would agree, but for someone to say they are rubbish without an alternative is not helpful as this thread is about moving money or finding the best UK saving rate.
Less attractive to S.R. tax payers I would agree, but for someone to say they are rubbish without an alternative is not helpful as this thread is about moving money or finding the best UK saving rate.
