Pound Exchange (million dollar question)

LLDLY

Registered User
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I'm thinking about transferring around €10k to UK because of the great exchange rate. I'm a UK national and have access to a savings accounts and my intentions are to leave it for 12/18 months but if I had to leave it longer that's no problem. My questions are:

Is it legal?
What are short to medium views on the exchange moving the other way?(million dollar question)
Why is it fluctuating so much?
 
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