Inheriting in GBP, live in Euro Zone

mats01_99 | 13:32 Wed 25th Feb 2009 | Personal Finance

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Hi all.
I have inherited approx �60,000 which is sitting in a UK bank account. However I live in Ireland. With the exchange rate as it is, currently �60,000 is worth about �68,000. I am in no immediate hurry to get my hands on the money. Should I leave it in the UK in the hope that the exchange rate works in my favour and the pounds gains strength against the euro? Any ideas would be appreciated.

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Krypton27

If you look at the travelmoneyservices website, they predict the � to rise against the euro over the next 150-200 days, then fall back. Currency bets are notoriously unpredictable however. What you might do is buy euros on the 150-200 day price for a small gain. Or not..

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