Where should I put my money?

P

Prettypolly

Registered User
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Hello

I currently live in the UK and have just sold my flat in Dublin. I am looking for advice on where i should keep the money. Should it stay in ireland or should i move it over here where it will used eventually as a deposit for next home?

any help greatly appreciated

Thanks
 
If you look at the recent exchange rate performance of Sterling against the Euro, you can see that Sterling has appreciated quite a bit. I would think that trend is likely to continue, given there is no near term prospect of Eurozone interest rate rises, while the UK economy is out-performing that of the EU. That would favour converting sooner rather than later. On the other hand, you'd want to be very sure the money will be eventually used in the UK and not Ireland, or you will take a double-hit of conversion charges.
 
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