Thinking of opening an account in sterling with Ulster Bank. If euro collapses, anyone with savings is looking at huge devaluations. Any thoughts on moving savings into sterling, presume it shouldn't be too difficult, given that Ulster Bank, for example, is owned by Royal Bank of Scotland?
It's unlikely any professional financial advisor is going to give any steers on this as advising small investors (like me) to get out of the euro could cause a (further) run on Irish banks so I'm thinking one has to read between the lines here.
Any advice/suggestions/thoughts greatly appreciated.
It's unlikely any professional financial advisor is going to give any steers on this as advising small investors (like me) to get out of the euro could cause a (further) run on Irish banks so I'm thinking one has to read between the lines here.
Any advice/suggestions/thoughts greatly appreciated.