The £/$ fall to 1.33 in the wake of the referendum.
Jun 24th 2016, 5:20 pm
#31
Joined: Aug 2003
Location: East Seaxe
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Re: The £/$ fall to 1.33 in the wake of the referendum.
Do you still have a UK bank account by any chance? Can you just stick in there for a bit?
Jun 24th 2016, 5:49 pm
#32
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Location: Fox Lake, IL (from Carrickfergus NI)
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Re: The £/$ fall to 1.33 in the wake of the referendum.
It is what it is. Even at 1:1 we'll be OK. I'm being selfish, really - I had got excited about spending some of it on me and not just paying off bloody bills.
Jun 24th 2016, 5:52 pm
#33
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Jun 24th 2016, 5:54 pm
#34
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Re: The £/$ fall to 1.33 in the wake of the referendum.
There's nothing wrong with wanting a little bit of financial freedom for once. All these expats who voted Leave and are talking about their investments, multiple properties in different countries, etc., certainly seem to have it.
Jun 24th 2016, 5:55 pm
#35
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Re: The £/$ fall to 1.33 in the wake of the referendum.
But yeah, I know there's nothing wrong with it in of itself.
Jun 24th 2016, 6:22 pm
#36
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Jun 24th 2016, 6:37 pm
#37
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Jun 24th 2016, 6:56 pm
#38
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Re: The £/$ fall to 1.33 in the wake of the referendum.
I'm in a similar position. My mother-in-law passed away in January leaving a house. Three of my wife's siblings are buying out the other two so we're expecting a payout from that imminently.
I've been trying to get them to finalize it before the referendum but it never happened.
If possible, I plan to have my brother-in-law hold on to the money until (hopefully) the rate improves. It's a gamble but I expect the rate to improve over the coming weeks.
We have a good relationship with him so we DO trust him. YMMV.
Jun 24th 2016, 7:00 pm
#39
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Re: The £/$ fall to 1.33 in the wake of the referendum.
Hey, on the plus side maybe it means it is below FBAR/FACTA reporting limits. Silver lining and all that.
Jun 24th 2016, 7:12 pm
#40
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Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: The £/$ fall to 1.33 in the wake of the referendum.
To paraphrase Andy DuFresne (Shawshank Redemption): "Do you trust your sister?"
I'm in a similar position. My mother-in-law passed away in January leaving a house. Three of my wife's siblings are buying out the other two so we're expecting a payout from that imminently.
I've been trying to get them to finalize it before the referendum but it never happened.
If possible, I plan to have my brother-in-law hold on to the money until (hopefully) the rate improves. It's a gamble but I expect the rate to improve over the coming weeks.
We have a good relationship with him so we DO trust him. YMMV.
I'm in a similar position. My mother-in-law passed away in January leaving a house. Three of my wife's siblings are buying out the other two so we're expecting a payout from that imminently.
I've been trying to get them to finalize it before the referendum but it never happened.
If possible, I plan to have my brother-in-law hold on to the money until (hopefully) the rate improves. It's a gamble but I expect the rate to improve over the coming weeks.
We have a good relationship with him so we DO trust him. YMMV.
Isn't that to do with bank accounts and certain foreign assets (they say property is not reportable)? I don't, and never have owned the house anyway, it's still in my mum's name, my sister and I are just beneficiaries and I am pretty sure my portion of the inheritance is well below any reporting threshold.
Jun 24th 2016, 7:20 pm
#41
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Re: The £/$ fall to 1.33 in the wake of the referendum.
Down my way, most banks have a stash of south American currencies, especially Brazilian. Also Euro's as there's a fair bit of Germans around. Pound, not in our area, but the branches in previous town did but it's all stored in Florida where the missus works, but they can over night the currency if you call ahead for it.
Jun 24th 2016, 7:22 pm
#42
Joined: Aug 2003
Location: East Seaxe
Posts: 72,503
Re: The £/$ fall to 1.33 in the wake of the referendum.
Most do, but not necessarily in every branch. A lot will depend on local market.
Down my way, most banks have a stash of south American currencies, especially Brazilian. Also Euro's as there's a fair bit of Germans around. Pound, not in our area, but the branches in previous town did but it's all stored in Florida where the missus works, but they can over night the currency if you call ahead for it.
Down my way, most banks have a stash of south American currencies, especially Brazilian. Also Euro's as there's a fair bit of Germans around. Pound, not in our area, but the branches in previous town did but it's all stored in Florida where the missus works, but they can over night the currency if you call ahead for it.
Unless of course the pound is going to be even lower by the end of July....
Jun 24th 2016, 7:28 pm
#43
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Location: Fox Lake, IL (from Carrickfergus NI)
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Re: The £/$ fall to 1.33 in the wake of the referendum.
Otherwise, get your arse up to Crystal Lake and I'll tell you who to ask for
Jun 24th 2016, 7:35 pm
#44
Joined: Aug 2003
Location: East Seaxe
Posts: 72,503
Re: The £/$ fall to 1.33 in the wake of the referendum.
I use Citibank. They must have pounds, surely.
Jun 24th 2016, 7:43 pm
#45
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Location: Fox Lake, IL (from Carrickfergus NI)
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Re: The £/$ fall to 1.33 in the wake of the referendum.
.One would think.