mrken30

The 8% fall in the dollar this year has helped a bit. I am surprised commodities, such as oil, have not increased more.

Dollar's Fall from Grace Fuels Emerging-Markets Boom

It does mean that the US and UK administrations are devaluing their currencies at about the same rate.

00derek

Getting close to selling my parents home in the UK. I'm not sure what to do about the proceeds. Looking for your experiences/advice.

1. If (big if) the pound gets back to $1.5 territory, I'm looking at a 15% return if I just leave the money in the bank.
1a. I'm non-resident for UK tax purposes. What does a windfall like selling a property do to that status?
2. Where else can I park ~$50k in the UK besides a current account to maximise returns while waiting to see what the currency rate does? I tried to get a loan recently from my UK bank, but they said I had to be "present in the UK" to apply. I wonder if that kind of rule will apply to investment accounts.

Many thanks

mrken30

I wish I knew the answer. The exchange rate has not really moved for 18 months and the Brexit negotiations are not going that well IMO. However I think a hard Brexit may have already been factored into the exchange rate.

cranston

Invest in an S&P 500 Index ETF or Mutual fund.

Even if the pound goes up next year, odds favour the S&P500 Index going up more in value.

tennesseestud

Anyone have debt in pounds rather than assets? I pay my darn student loan in dollars. At 1.21 it wiped $7,000 off my debt in dollar terms.

On the flip side, my interest rate is tied to inflation. So the devaluation caused a slight uptick on my interest rate.

I have been paying the default rate and sometimes double the default rate for America to push through some hefty chunks. I could pay it off in one go but I'd be without a buffer for future uncertainty.

Is it worth my while sending some income back home to lock this in and then paying my debt in pounds if the rate goes back up towards 1.50?

tennesseestud

North Dakota and also Keystone. The next oil shock will be the one we can't get out of. 2008 they started tapping on the unconventional sources a lot more. Also in 2008 some oil stocks were manipulated perhaps to shore up the banking mess. So that oil shock could have in part anyway been a little artificial.

It started with the first £1 ltr ... I was in Britain at the time driving.

If we transition to electric we have a good chance of reeeeeealy pushing out the CO2 with Coal generation ... In America obviously.

chawkins99

Currently at its highest since Brexit.

Nudging $1.40.

Pulaski

Sterling has already regained 2/3 of the drop from the pre-brexit-vote rate (against USD) to the post-brexit-vote low point, and sterling has been on a tear over the past week!

tennesseestud

The promised doom and gloom and disaster from Remain ... just didn't hold up.

I can't pay my debt fast enough so my student loan payments are going back up due to the uptick.

Giantaxe

Sterling has gained strength recently largely because of the perception that a "hard Brexit" is less likely.

mrken30

and from a USD/GBP perspective it's good that the dollar has fallen a little.