With sterling taking a battering and Euro looking strong, I am considering shifting a few grand into a EURO account. Also as I plan to move to Cyprus which will soon use this currency.

Any ideas?

So the prospects for the euro are good ? it's worth transfering $ and £ to Euro ? anyone got any strong opinions with explanations for this - does europe not suffer from the debt timebomb as much ?

i had just been looking into international accounts and hsbc seemed good..

Inflationary pressures have been building in the Euro zone and the last word on Euro IRs was suggesting a rise. May or may not happen, but I think we're all agreed that sterling is going to get hit as the government choose to inflate their way out of this mess.
For me, it makes sense as I plan to move to Cyprus (about to join the Euro) but it might be a useful hedge for shrewd investors...

Nationwide International and Anglo-Irish offer best rates so far - I was hoping someone might know of better accounts.

I'll PM you my euro account no

Watchout with these accounts that they're not some place with no deposit guarantee.

The Nationwide one I believe is on the Isle of Man, which is specifically excluded from the
FSA guarantee if I remember right. Maybe they have their own guarantee, but it would
still worry me...

Pent

BTW, we hope to move to Germany once the house is sold (fingers crossed). An option we are considering
is a forward exchange contract for gbp/eur which guarantees you the current rate (with a little more spread) for a point in the
future e.g. a year. It's very easy via e.g. hifx.co.uk.

Might be something for others moving abroad soon who are worried about sterling falling dramatically due to banking
crisis etc.

This is not investment advice

Pent

Anymore views on this? I was looking at Lloyds international account and they are pretty hefty on fees!:

http://www.lloydstsb-offshore.com/internat...nalaccount/fees

http://www.nationwideinternational.com/int...trates/euro.htm

Free if you keep a min bal of £1000 lots of currencies available,onshore and only available if you have a sterling current ac.
HAve to apply in branch not available online.

Barclays Currency Account


http://www.personal.barclays.co.uk/BRC1/js...amp;value=12870

Anyone have experience of the HSBC Euro One account?

I have my savings in the HSBC Online Saver - the One Europe instant access has a monthly fee of £3 and minimal interest, but I will be using it as a hedge / lifeboat in case Sterling really goes pop!

So it would make sense to keep things in house - but would love to hear your suggestions.

Link to it is here!