We spoke to someone at HIFX yesterday with regard to changing our cash. I asked him whether he thought we should just change as little as we think we'll need and leave the rest here in the hope that the rate may make a recovery in the next 6 months or so. He said that it was impossible to say what would happen of course but that the trend at the moment is down. He said that he thought it still had some way to go before starting to inch back up again. 'Then again', he said, 'we may see a recovery up into the 2.70's or 2.80's in the next 6 months to a year but I couldn't really say.' Thanks for the help then!! It was invaluable. 'One thing I do recommend' he continues, 'once you've decided to change it don't look at the exchange rate again.' Thanks again then! More invaluable advice!
He did say it depended what we were thinking of doing. If we want to buy a house straight away then we need to know how much money we're playing with. We do want to buy a house but aren't in a rush until we know where we're staying etc so that'll be a while I should think and hopefully by then, the forever speculated about 'house market crash' will have happened!
So still undecided yet. We have about £35000 in premium bonds here that we think we might leave. What do you think?
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