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Anonymous
BREXIT
2016-06-05 16:18:42 Post No. 1286402
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BREXIT
Anonymous
2016-06-05 16:18:42
Post No. 1286402
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OK lads, /pol/ here. Looking forward to the brexit but I fully accept that there will likely be a large hit to GBP. Since we have a maniac chancellor who will also probably try to print his way to prosperity I am not feeling too safe about my finances.
City economists predict a potential 20% fall in the value of the pound, I have about £30,000 savings. I have £15k in a tax free savings account at 1.1% monthly interest. Providing interest rates stay the same then that should cushion the impact a fair amount. But for the other £15,000 I would like to hedge in USD since there are no other attractive savings accounts that might cushion the impact like the one I have (already deposited the maximum). What I want to know (since I havn't the foggiest of ideas) is how to buy USD for the lowest premium spread (if thats what you call it) and whats the best way to do it.
I don't want to be a yolo day trader, I don't want any more gold, I certainly don't want paper gold shit. (i may look at bitcoin but dont try to meme me to buy 11ks worth cause i wont)
I just want to hedge £15,000 in USD. If any one here has any advice on which is the best way to go about that I'd be thankful.
Cheers lads
