Sterling devaluation. Winners and losers.

Jul 14, 2003 2 Replies

Should the pound devalue, those with a large amount of savings will lose out so conversely will people with masses of debt be the winners? I'm thinking of re-morgaging the house and investing the proceeds in the Euro. Your esteemed comments on my plan would be welcomed as well as ideas on the best method of investing in the Euro. Thanks


How certain are you that the Pound is going to devalue? If the Pound rises can you pay back that mortgage if you owe more money than you have?

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