Opening a Sterling Accountand the Credit Crunch

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There is a gerneral view that the euro may rise as far as 90pence against the Pound Stirling.I am wondering whether it would be worth my while to open a stirling account in Northern Ireland and put a stirling lump sum on deposit there having converted same from euros
I believe the UK depositor protection scheme is far better than our €20,000 per person -it amounts to £35,000 Stirling per person
However does it make economic sense to have a stirling account based on euro conversions ?
Any view appreciated
 
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