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Avoiding euro/Sterling risk - is this possible?

  • 04-06-2010 4:55pm
    #1
    blahboy
    Registered Users, Registered Users 2 Posts: 16 ✭


    Hi folks,

    I am just wondering about something

    Supposing I wanted to buy shares in BP for example but did not fancy having to buy sterling to do due to the cost of sterling vs. the euro.

    Can I ask Sharewatch to buy the shares on for example the Frankfurt or Paris exchange - where BP is also quoted?

    Would this mean I would not have to get my money converted to Sterling?

    If I held the shares in a Crest account would there be any difference?

    Regards

    Blahboy


Comments

  • #2
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,605 Mod ✭✭✭✭Jim2007


    blahboy wrote: »
    Hi folks,

    I am just wondering about something

    Supposing I wanted to buy shares in BP for example but did not fancy having to buy sterling to do due to the cost of sterling vs. the euro.

    Can I ask Sharewatch to buy the shares on for example the Frankfurt or Paris exchange - where BP is also quoted?

    Would this mean I would not have to get my money converted to Sterling?

    If I held the shares in a Crest account would there be any difference?

    Regards

    Blahboy

    At best all you are doing is avoiding the commission on the exchange.... What risks are you trying to avoid????


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