What to do with STG£ lump sum??

J

john77

Guest
Hi all,

I've recently inherited a lump-sum of about STG£8K. Initially, I thought about holding off on lodging the cheque to see if the Eur/STG exchange rate would improve, but now i'm worried that it could get a lot worse. I know it's difficult to predict what will happen to the rate in the future, but i'm just wondering if anyone has any suggestions as to what to do?
 
sterlings as weak as its every been but no-one can accurately predict where it will go from here.

Dont cash it in the bank anyway because you will definetely lose a few % on the forex.
 
I was in a similar position last year. I openend a sterling account with Anglo at a higher rate than was available in euro. Unfortunately, stg has gone down since. I will roll it over in hope of a recovery in stg.

Slim - No connection with Anglo except as a customer
 
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