You'd be stupid not to have a Plan B if Brexit goes bad - so what is it?

[northernladyuk]

I am rich enough not to care what happens. "It won't affect me at all" .

HTH

But what will you do when the post-Brexit austerity sees your obesity related disability benefits stopped?

[shaunbhoy]

But what will you do when the post-Brexit austerity sees your obesity related disability benefits stopped?

Another topless modelling shoot I suppose.

[SandyD]

I am rich enough not to care what happens. "It won't affect me at all" .

HTH

Huh?? when did you become rich Shaunbhoy?? I recall you having to take a perm job some where in the south coast? Or was it Cornwall, and have loads of kids plus a wife who never worked?

[Andy2]

with all this turmoil for the next 2 years pound is going to crash
is anyone thinking about converting their cash reserve to USD ?

[WordIsBond]

with all this turmoil for the next 2 years pound is going to crash
is anyone thinking about converting their cash reserve to USD ?

Er, no. Buy low, sell high. Now is the time to be buying GBP with your USD. Well, not RIGHT NOW, we've had a bounce since May announced the election. But it will be back below 1.25 in a month or two or three.

In a couple years, when everything sorts out with some kind of reasonable deal, and all the panic is over, the pound will bounce up to 1.35-1.40, then will be the time to start moving back into dollars. Though if Trump actually gets his tax plan passed, the dollar will surge. Hard to predict timings on that or if it will happen.

[northernladyuk]

with all this turmoil for the next 2 years pound is going to crash
is anyone thinking about converting their cash reserve to USD ?

I transferred into EUR at 1.445. Only by luck though.

[sasguru]

Huh?? when did you become rich Shaunbhoy?? I recall you having to take a perm job some where in the south coast? Or was it Cornwall, and have loads of kids plus a wife who never worked?

Not only is he poor as a church mouse and thick as mince, he's condemned his kids to a life even grimmer than his.

[sasguru]

with all this turmoil for the next 2 years pound is going to crash
is anyone thinking about converting their cash reserve to USD ?

Did that just before the referendum.
But hey, Brexiters will tell you you can't predict the future.

[The_Equalizer]

Did that just before the referendum.
But hey, Brexiters will tell you you can't predict the future.

Thought you only put a 'small amount' in USD and Euro?

[Andy2]

Er, no. Buy low, sell high. Now is the time to be buying GBP with your USD. Well, not RIGHT NOW, we've had a bounce since May announced the election. But it will be back below 1.25 in a month or two or three.

In a couple years, when everything sorts out with some kind of reasonable deal, and all the panic is over, the pound will bounce up to 1.35-1.40, then will be the time to start moving back into dollars. Though if Trump actually gets his tax plan passed, the dollar will surge. Hard to predict timings on that or if it will happen.

There is a very low probability of pound going back to 1.5 USD but on the lower side it can go to 1.1 if things get bad for UK