Ireland’s Guide To Money And Living

Snap up some sterling

Sterling Serge BertasiusEarlier this week, sterling fell to a ten month low against the dollar after an opinion poll showed that Scotland was ready to vote to break up with the rest of GB. The poll spooked markets and saw the pound slumping in value against the euro too.

So you’re likely to get more bang for your buck over the next week if converting any euro into sterling. This has been the case for a week. At the start of September, for example, €500 would have bought you about stg£395. Last Wednesday, you could have bought £400 with your €500. Only £5 more, yes, but the closer we get to the referendum, the more sterling is likely to fall. A foreign exchange expert at the international bank Citi warned as much last week.

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