Just returned last week from a holiday to Spain, thoroughly enjoyed it. I have just today received an expected refund for a service which I was not served. To my immediate benefit now, the exchange rate was £1 = €1.08 While I’m about a pound better off in this instance, it got me thinking.
I don’t want to start a whole political brexit argument but the relative volatility and instability of GBP is worrying me quite a bit for reasons I’ll outline further down. Does anyone know of a savings platform - something like nutmeg, wealthify, moneyfarm - were I can specifically put my savings into currency baskets? Or would it be possible for me to somehow open a EUR savings account?
I’m not an economist or a financial expert so I may be overreacting but any advice would be greatly welcomed.
My story in short: I have saved enough for a deposit where I am, which is held in GBP in various savings/credit union. Relatively young man, living at home and aggressively saving, my plan has always been save enough for a deposit and buy here where I currently am, I am however seriously considering moving abroad now due to career progressing opportunities both in Europe and further afield. Whether overreacting or not, thing is I don’t want to leave all of my hard earned foreign buying power to the whims of the market, not in this current climate anyway.
Hopefully I posted in most adequate part of the forum, thanks.