Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [gbp-british-pound]

This tag is to be used for any question related to British pound (GBP) currency.

The pound is also referred to as the Great British pound, the pound sterling, and often simply "the pound."

35 questions
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Earning in a declining currency but foreign currency liabilities, what strategy assuming exchange rates continue to decline?

I earn in euros, but have sterling and dollar liabilities that need to be paid monthly. Assuming the euro will continue to decline against these currencies, is there anything I can do to protect or mitigate these liabilities against continued euro…
MassiveAction
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3 answers

Returning to the UK after working in Switzerland, What to do with my Swiss Francs?

I'm in a situation where I have around 20k CHF. I'm wondering whether to invest the money before returning to the UK, or just exchange it for GBP. I have no immediate plans for the money and will probably not return to Switzerland for a long time or…
user13894
5
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2 answers

Money transfer to the U.K

Has anyone used a peer-to-peer option for sending money abroad? I pay a mortgage in the U.K. and am looking at the likes of CurrencyFair or Transferwise to exchange my Euro. Are there any hidden charges, and are they safe? I will be exchanging about…
Andrew
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4
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1 answer

Should I change money from Euros (EUR) to Sterling (GBP) before I go away near the end of the year?

I 'have a friend' who is going away traveling towards the end of the year. She has a few thousand Euros which she is going to spend whilst she is away and was asking if she should keep it in Euros or if she should change it into sterling as the…
Sam Holder
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4
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1 answer

Prepaid travel credit cards: Is there a low-cost card supporting top-up in multiple currencies, without conversion fees?

With reference to the CantonFX cards http://www.caxtonfxcard.com/cards_description.asp Which card do I use if I need to use multiple currencies at the lowest cost & I only want to carry one card? Do you need to choose the currency you want when you…
user2654
4
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2 answers

GBP savings, what to do with them if leaving the U.K. in about 2 years time?

I am EU citizen living in U.K. and with some savings into a U.K. bank account. I am planning to leave UK in about 2 years time, I don't need the savings right now, the savings give me on average a 3% annual net interest. The GBP currency is…
2801001
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4
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1 answer

Tax situation for UK citizen working remotely in France but getting paid in GBP by a UK employer

I am a UK [and Australian] citizen. I have only lived in the UK for 9 months since Nov 2004. Apart from the 9 months in 2014, i have lived in the US for the last 7 years working for the same employer. I'm investigating the possibility of living in…
WesPL
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1 answer

Obtaining Pound Sterling Cheque in US to pay for family history records from England?

When ordering various family history records from England, payment often must be in the form of a pound sterling cheque. How do I obtain a pound sterling cheque while living in the United States?
John Doe
3
votes
1 answer

How do I best time my currency conversions between Australia, New Zealand, and Great Britain?

I have over AU$20,000 in savings in an Australian bank account, currently earning me 1.75%. I am now living in NZ where my savings account earns 3.75%. In about a year I will be transferring the money to my British account. I dont know whether I…
lauren
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Should I avoid month-end for my foreign salary payments?

I get paid from South Africa into the UK and get to choose which day of the month I want to be paid. I was wondering whether avoiding month-end might give me a better chance of getting a better rate (approximately, of course). Sorry if this sounds…
Justin Lawrence
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Received more net pay than it states on my payslips, no visible deductions sent to HMRC on the extra income I received - what to do?

I started a new job on the 26th of September, 2022 for an annual salary of £55,000. Working 09:00 - 17:30, 5 days a week. My monthly gross salary is: £4,583.33 I have a student loan, repayment plan 2. My employer uses Xero to process…
nopassport1
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1 answer

Can I use a third party to exchange USD before it goes into my UK account?

I live in the UK and have a UK individual (not business) bank account only. I have done some remote work for a client in the USA and I have already agreed to their terms before work started which included a clause that I will be paid in USD. If I…
Darren H
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Dealing with savings in British Pounds

I've been living in the UK for the last 3 years and have just moved back to my home country of Germany. During my time in the UK I accumulated some money in a savings account. With the Brexit referendum upcoming I decided to hedge my bets and…
AndreasWeller
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How to invest my British pound salary

For the last several years I've been working in the US and investing my dollar salary in a classic boglehead-style three-fund Vanguard portfolio. I've been really happy with this setup. This year I moved to the UK and am working for a British…
sudo-nim
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Is buying foreign currency(specifically Pounds) a good saving/investment strategy? If so(or not) why?

As stated in the question. If i buy small amounts of Pounds consistently on a monthly basis, could that be considered a good way of saving with the obvious goal of ending up with more than what i spent?
user44070
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