Advice On Holding Foreign Currency Account In Uk

[haybilly]

I rely, for my income, on some Investment Funds in the UK which, until very recently, were Sterling based--however, due to my concerns about the future prospects of said UK currency I have transferred these Funds into Euro based accounts [ unfortunately none were available in Canadian or Aussie Dollar]--now, my question is what is the way forward for me with regard to my UK current accounts which are obviously in Pounds--do I approach my UK Bank, and ask/open a Euro account which can drip feed Euros to exchange at their rate into Pounds to be able to pay any standing orders/Direct Debits and bills---or, is there a better way?

Apologies if this seems like a dumb question--can't be helped.

P.S. Are there any recommendations for Funds available that are based in more buoyant currencies, than Pound/$U.S. or Euro, BUT which are backed with similar safety guarantees as Funds available in the UK.

These questions are aimed at similar 'ordinary' folk with an interest and knowledge of Investment Funds etc [ Financial salesmen please don't bother to reply]

[haybilly]

Well, don't all rush to answer--actually, I know it's a dull topic for most and to those 'in the know' it's probably a pretty dumb question--again, apologies.

[ESB7]

With Sterling at a low, is it really a good time to transfer to a different currency. £ has made a slight gain over the past few days already.

[haybilly]

With Sterling at a low, is it really a good time to transfer to a different currency. £ has made a slight gain over the past few days already.

I have noticed this trend but fear that this maybe the calm before the storm--the election will be the big test, although no party can pull any rabbits out of hats.

[PattayaParent]

If you have to pay your standing orders and credit card bills etc. in Sterling then the way you've suggested seems the best option.

That's what I was doing when I was paid in US$ and had to pay standing orders in Sterling.