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JOKER Member Since: 11 Sep 2008 Location: Sconnie Botland Posts: 15876 ![]() ![]() |
If you had money lying in a bank in Spain would you transfer it back into a UK account , mostly asking because of this Brexit carry on and the Euro against the Pound at the moment , or just leave it In the bank ====================================
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bebechoon Member Since: 22 Apr 2014 Location: In ze middle of Frainsch nul part Posts: 454 ![]() ![]() |
Right now, the £ is lower against the € than it has been since 2013. Some 'experts' say that they expect the £ to rise again in time.
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kingpleb Member Since: 07 Jun 2011 Location: Maybe here. Maybe there, I get everywhere! Posts: 8455 ![]() ![]() ![]() |
Looking at things at the minute you may well get more £ than you initially put in so i'd pull it if possible and then let it linger(!) over here for a bit as the £ gets stronger bit by bit it will be much better in a few years and post full brexit so you'll have more money than a savings account would give IMO.
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JOKER Member Since: 11 Sep 2008 Location: Sconnie Botland Posts: 15876 ![]() ![]() |
Just been on the XE website ... To do a rough example conversion ...
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johnboyairey Member Since: 11 Jan 2013 Location: surrey Posts: 2035 ![]() ![]() ![]() |
Just be sure that the bank it is in, is covered against failure, up to the amount invested, in England, -sorry don't know about jock land, we (England) are covered, by banking groups, up to £75k, I think it wa £85k, but now it's reduced., as we know, some banks, go bad. And Spain has a history, of money probs. .
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Rosco Member Since: 20 Jan 2012 Location: Beyond the wall. Posts: 2590 ![]() ![]() ![]() |
Mick, based on my many years of juggling finances, I would go out to Spain on a "golfing weekend" and spend the |
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verydisco Member Since: 10 Dec 2009 Location: UK/US Posts: 2952 ![]() ![]() ![]() |
Guys, the XE site is great but the rate is valid if you buy >1Mil, so do not expect similar rates, add 0.1 at least.
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Alistair Member Since: 11 Feb 2011 Location: Peterborough / Bordeaux / Andorra Posts: 8059 ![]() ![]() ![]() |
I'd be more worried about having a deposit in a Spanish bank than the EUR/GBP FX rate |
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XXXAngelXXX Member Since: 25 Mar 2007 Location: Stuttgart Posts: 4995 ![]() ![]() ![]() |
Bring your Euros to a German bank - after the Brexit i would NEVER ever bring cash to the UK - look what is happening to the banking place London - they prepare to exit to Frankfurt |
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Robert Member Since: 25 Oct 2011 Location: Perigueux Posts: 2291 ![]() ![]() ![]() |
Alistair, if you get nearly one pound per euro, I would buy a lot of gbp.
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Alistair Member Since: 11 Feb 2011 Location: Peterborough / Bordeaux / Andorra Posts: 8059 ![]() ![]() ![]() |
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Basilfawlty Member Since: 18 Oct 2015 Location: Cheshire Posts: 655 ![]() ![]() ![]() |
Have you read what's happening to some of the German banks at the moment Angel. I'd only be sticking my money in there if it was a straight choice between Greece, Italy, Portugal and you beautiful homeland. ![]() |
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XXXAngelXXX Member Since: 25 Mar 2007 Location: Stuttgart Posts: 4995 ![]() ![]() ![]() |
Basilfawlty ? What is happening to them mate ? They kick some employees? So what?! They all passed with no problems the stress test and got still a lot of cash |
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Alistair Member Since: 11 Feb 2011 Location: Peterborough / Bordeaux / Andorra Posts: 8059 ![]() ![]() ![]() |
Frankfurt is such a beautiful, exciting and cosmopolitan city - I really can't understand the reluctance of bankers to rush there in their thousands |
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