Moving money to the north, Stupid idea..

[looteht]

Im hearing of a lot of people moving money to Sterling accounts up north.

Why are they doing this, arent the UK in as bad a state as us and linked with the Euro.

Is this just a silly auto reaction with no real thought.

It would seem to me that places like Australia or Asia would be the only place worth bothering moving money to.

 

[joe sod]

ireland is very sensitive to sterling due to how much we trade with them, obviously a euro break up would also have a big affect on sterling, if the euro goes down and also sterling you dont really lose, as for australia dollar it is a very volatile currency and especially sensitive to an asian recession or fall in commodity prices,

 

[Lightning]

Why are they doing this

Convenience of deposit and access. Currency diversification. Personal circumstances including receipt of GBP income.