Genesis

Hi there, for those thinking of doing the off from the UK what are your plans with your pounds? Have you changed yet or are you waiting and hoping for better days..its down to almost $2.60 now..and it looks like its going down in an express lift!! There's talk of the UK defaulting on its foreign debt and the GBP being finished.

Is it time to float the life boats and get rid of all our GBP at any decent exchange rate..say anything over $2.50kiwi for a GBP??????????

teebrown

Keeping hold of ours going to give it a few months and take the risk.

You never know

cleverchap

I was very fortunate and shifted all my money over just before Christmas and got a cracking inter bank rate of $2.90 per £.
I would like to think the pound will be around for a bit longer but in these volitile times who knows??? We may all be heading back to doubloons and pieces of eight

Stoof

right there with you TB! haven't got our blue stickers yet but feeling ENORMOUSLY uncomfortable about our hard earnt savings and proceeds from (very lucky!) house sale just sitting in the bank whilst all around goes crackers and downhill... erk! just read Genesis' other thread and now wondering about whether we should be playing the market? wouldn't even know where to start... oh dear!

cleverchap

One other thing you need to take into consideration is the interest rate in the UK. Here in NZ the best savings interest rate is around 5.4% and has dropped from 6.4% (and rumour has it that will drop further in the next 6 months) compared to the UK of just 1.5-2%

Genesis

I have decided to do just the same..if I buy now I know what will happen..we'll watch and wait aye?????