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 convert 50% of those savings to Euros before the referendum. Since then the value of the remaining 50% I still hold in GBP has shrunk significantly compared to the Euro, from around 1:1.30 before the referendum to the current rate of 1:1.12.
- I don't need the money in the short term
- I don't intend to live in the UK again
- The money is not earning any interest in the UK savings account
- The future is uncertain, but the GBP might drop a lot more
How should I decide when/if to exchange the remaining GBP into Euros? What's the best course of action?