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Questions tagged [gbp-british-pound]

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

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8 votes
2 answers
214 views

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 ...
MassiveAction's user avatar
5 votes
3 answers
364 views

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 ...
user avatar
5 votes
2 answers
345 views

Money transfer to the U.K [closed]

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 ...
Andrew's user avatar
  • 51
4 votes
2 answers
909 views

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% ...
2801001's user avatar
  • 141
4 votes
1 answer
328 views

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 ...
Sam Holder's user avatar
4 votes
1 answer
2k views

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....
WesPL's user avatar
  • 43
4 votes
1 answer
237 views

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? ...
user avatar
4 votes
1 answer
3k views

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?
user avatar
3 votes
1 answer
139 views

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 (...
Justin Lawrence's user avatar
3 votes
1 answer
913 views

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. ...
nopassport1's user avatar
3 votes
1 answer
576 views

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 ...
lauren's user avatar
  • 31
2 votes
3 answers
8k views

Why are prices in EUR for consumer items often the same number as original USD price, but the GBP price applies the actual exchange rate?

Since my store started accepting EUR payments in 2002 I often see the numerically same EUR price as the original USD price. Many international suppliers, stores, e-shops offer the same items in US ...
master-lame-master's user avatar
2 votes
2 answers
246 views

Why is British Pound months before Brexit is going up against both U.S Dollar and the Euro?

The way I understand economics is that price of the currency represents the strength of one economy against the other, especially in the long term. Concensus being that Brexit is not going to help ...
Matas Vaitkevicius's user avatar
2 votes
4 answers
768 views

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 ...
user44070's user avatar
2 votes
2 answers
290 views

How many pence sterling are there in 1 pound sterling?

The answer seems easy, 1 GBP = 100 GBX. But I came across a few sites which return variable conversion value between GBP and GBX. https://www.mataf.net/en/currency/converter-GBP-GBX?m1=1.00 Now I am ...
KnowledgeSeeeker's user avatar
2 votes
2 answers
235 views

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 ...
AndreasWeller's user avatar
2 votes
1 answer
372 views

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 ...
sudo-nim's user avatar
  • 123
2 votes
1 answer
799 views

UK Income Tax on rental income from property

My wife and I have a buy-to-let property held jointly. My understanding is that the profit from rental of this property should be split 50/50 for the purposes of income tax. If the profit per person ...
Gracie's user avatar
  • 123
2 votes
3 answers
7k views

How to know when to buy british pound

I will have to pay a tuition fee of 6000 British Pound by the end of August and I own Euros. How can I decide if I should convert my currency now or if I should wait a few months. I have absolutely no ...
icehawk's user avatar
  • 187
2 votes
1 answer
164 views

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 ...
Darren H's user avatar
  • 121
1 vote
3 answers
5k views

Can we open a bank account in GBP in Pakistan?

Can we open a bank account in GBP in Pakistan, I am thinking about taking 14K in GBP with me to Pakistan while flying there. I would like to buy a house for one of my relatives but if my plan changed ...
user2262511's user avatar
1 vote
1 answer
147 views

Converting British Pounds to USD or AUD [closed]

Given the current state of the economy and the future out look, what would be the best option for someone who has to move pounds to either AUD or USD? What would be the advantages or disadvantages of ...
user6817295's user avatar
1 vote
1 answer
106 views

Currency forecasts for ordinary people

I'm in a situation where I earn money in one country and have debts in another, and/or intend to relocate there eventually. Thus, at some point I'll have to transfer my earnings to another currency. I ...
00101010's user avatar
1 vote
1 answer
150 views

About exchanging foreign currency

I have a friend in London and she has sent me a parcel with 9000 GBP in cash. How can I exchange it for rupees in India?
Rishi Raj's user avatar
1 vote
1 answer
145 views

How to account for transferring money from a USD account to a GBP account?

I am using ZipBooks online software for my bookkeeping, however I do not know how to approach the following situation. I have 2 bank accounts; one in USD, the other in GBP, and I am transferring $...
George C.'s user avatar
1 vote
2 answers
2k views

What is the most efficient way to pay a student loan in the US from the UK?

The loan is in the United States and can only be paid using direct debit from a US bank account which is already established. However, all earnings are in GBP in the UK. What is the most efficient way ...
g .'s user avatar
  • 111
1 vote
0 answers
269 views

SEPA credit transfer from EUR to GBP. What happens? Should there be fees?

All my bank accounts are in EUR (I am German) and I needed to transfer 100£ (GBP) to a british bank account to pay a reservation fee. I was provided with an IBAN to that account. I then converted from ...
M. Rumpy's user avatar
  • 111
1 vote
3 answers
965 views

Exchanging GBP to EUR [closed]

I am 21, live in UK, and have an unwanted property in Spain which I am paying a mortgage on. Sadly I cannot sell the property. Roughly every year I exchange into Euros over £10,000 for the mortgage, ...
k1308517's user avatar
  • 209
1 vote
1 answer
5k views

I want to exchange UK Pound for Indian Rupee [closed]

I have a friend in London, recently he has sent a parcel for me including some pound (England Currency ) in that parcel, now how can I exchange it into Indian Rupee ??
Nilanjana Kashyap's user avatar
1 vote
2 answers
448 views

What is the most efficient way to transfer money from the UK to a US account also in my name? [closed]

I am leaving for the states in around a months time and upon arrival I will be opening a US account. I'm a student and so will be sending around £2,500 each term to the US account from funds that are ...
Aiden Thompson's user avatar
0 votes
1 answer
82 views

Lost transfer, based on last year tax return from HMRC

I’m still waiting for my fix return for 2022. I’ve texted hmrc, they told me that they sent money, but I didn’t received anything. I’ve wrote to monede customer service, and they told me that money ...
Nicu Marele's user avatar
0 votes
1 answer
213 views

How should money sitting idle in a bank account be invested? [duplicate]

I've been working for a couple of years still living in my parents home with no outgoings, meaning all my money goes straight to the bank. I've saved around £30'000+ but I'm unhappy with money sitting ...
chris timber's user avatar
0 votes
2 answers
303 views

Using a FOREX platform to actually change money [closed]

Does anyone know of a FOREX trading platform, on which both GBP and EUR are traded and which allows withdrawals in a different currency from the original deposit? (Just found out forex.com only ...
Snowball's user avatar
0 votes
1 answer
76 views

What to change into GBP? [closed]

I'll be in Scotland for one day and I will need to buy ticket for the bus. I have American Visa travel credit card, american debit card, euro, and dollars. Which one is better to use to change ...
Enza Zezé's user avatar
-1 votes
1 answer
152 views

If you want to buy a house but you also think value will drop… is there something you can do to alleviate the risk?

Disclaimer: yours won't be fiscal advice. People involved will consult a professional before doing anything. This is just to gather some preliminary information. Situation: you want to buy a house ...
o0'.'s user avatar
  • 193