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.
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.