Hi folks,
Is it worth to transfer all my savings to leva or euro because no deal Brexit will almost certainly happen? They predict the value of the pound drop to just one US dollar . I am not going back to the UK, I have permanently settled in Bulgaria.
Savings transfer: yes or no?
eugiebear
31 August 2019 08:40:50
25
Ramses K.
31 August 2019 10:55:42
358
I think a transfer is the wisest choice the pound is tumbling down and it's going to the drain when no deal is a fact.
I would choose for Leva in your situation, but it's your decision of course.
Must say I'm glad my country has a stable government and don't do the stupid things that can ruin the country.
Jules999
03 September 2019 11:37:48
250
Why are you talking in dollars?
eugiebear
03 September 2019 12:07:09
25
it is just an example of how deep the pound could fall after hard Brexit
SimCityAT
03 September 2019 12:40:45
10543
This a tough one, 1 Pound sterling equals 1,10 Euro.
Interesting article HERE.
Ramses K.
03 September 2019 15:32:50
358
The Guardian
Expert: Pound would plunge below euro after no-deal
The pound would plunge below parity with the euro if there is a No Deal Brexit, predicts Ranko Berich, head of market analysis at Monex Europe.
He says the “fragile support” created by Boris Johnson's trips to Paris and Berlin last week have been obliterated by the political drama back in Westminster.
“No-deal risk remains the be all and end all for sterling.
Given that sterling's fall over the past six months has been driven by an increase in the no-deal risk, from an outside possibility to approximately 50% chance today, we estimate that the pound is likely to weaken by around a further 7% if no deal actually happens – taking GBPUSD to around $1.12 and EURGBP to just below parity.
One pound is worth €1.096 right now, meaning one euro is worth 91.2p, close to last month's 10-year low.
It looks really really bad!
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