GBPUSDT
Pound sterling / Tether USD
crypto Composite

Can’t convert my BTC to GBP on EToro money

Sort of, you are correct that Kraken OTC makes money on the spread, but the thing is slippage exists. In a hypothetical scenario, if you were able to trade on exchange but feeless, your average sale price would be worse than what OTC will give you. For a real world visualisation of this, head to [bitcoinity](https://bitcoinity.org/markets/kraken/GBP) and mouse over the chart at the bottom. At the moment, £100k of BTC can be sold on exchange, but you'll push the price down from £79,362 to £79,000 flat in the process.

Kraken OTC is the answer here.
- No fees
- A price that accounts for slippage
- Straight to GBP which can be withdrawn to any UK bank account
FYI: UK banks usually take issue with deposits to exchanges, rather than withdrawals from. So you should be fine.

Hello, I used to convert my crypto, to cash on Coinbase which incurred a conversion fee....
& then I would cash it out to my bank account.
which involved a selling fee, so ultimately I was paying two fees, a conversion fee & a selling fee.
However one day I decided to not sell / convert my crypto and instead just try to cash it out directly to my bank, which to my surprise actually worked & I went from paying two fee's, to paying just one, which worked fine for over a year.
However with my last cash out something was different as I could no longer just click ''sell max'' as I normally did, & instead it just displayed zero & I was now being asked / forced to convert my crypto into my virtual Coinbase ''GBP or EUR wallet?''
But I just assumed that it was a one time mistake on my part due to me being in a rush to cash out, but trying again just now, I see the option to just sell my newly received XRP is gone and now I must convert it into either my virtual GBP or EUR wallet......but I know I'm not crazy, (I was selling it with just one fee before) with no need for me to convert into my virtual Coinbase ''wallet'' so I feel like Coinbase has essentially begun double charging users
Am I wrong, or has anyone else experienced anything like this in the last few months?
Thank you.

USD is weaker making the chart appear better than it really is, check out GBP chart. I’d say that aligned with the anticipated dip once USD ATH is tickled is giving people reason to hold back.

Also about 10k off in GBP. Europeans and the rest of the world aren’t as bullish because the chart just looks like it’s going sideways.

Not good prices
Hatton Gardens sells Krugerrands for £2,516 and sovereigns for £602.
https://www.hattongardenmetals.com/gold-krugerrand-1oz
https://www.hattongardenmetals.com/gold-sovereign
If you are in the UK, you should be buying Britannias and gold sovereigns **only** as these are free of capital gains tax. All gold is VAT-free but you will pay capital gains tax when you sell unless it is GBP legal tender (and only coins made by the Royal Mint qualify).

Still 7% off ATH in GBP. Dollar is down, BTC isn’t up.

I’m not sure if Revolut is officially allowed to operate in the U.S., but you can still use it for money transfers. Either way, all companies charge fees (like currency conversion from GBP to USD during transfers). If you have proof that this money is for paying rent to someone, I doubt you’ll run into issues. I used to transfer around 2,000 euros every 2-3 months to someone, and the last time, the recipient was asked to explain why they were receiving regular payments. They showed documentation, and there was no problem.

In GBP bitcoin is 10k away from ATH’s

and then when you adjust for USD losing value it's closer to $115k-$120k - just look at how far away ATH is for BTC in GBP or EUR and you'll see what I mean.

Yeah I agree! Just interesting to see the difference between USD vs GBP/EUR since the last ATH

As far as I know their GBP account is the multi currency account for all supported currencies ... you do not get local bank details for NOK.
PS: WISE supports more local bank details than Revolut (like US and Singapore for example) but it also does not give local NOK account.

\> I was researching quite a bit and currently there is no way to transfer my US portfolio from let’s say IBKR USA to IBKR India.
Not sure what you mean by transfer. To give an example from UK, no, I cannot transfer from "VWRD" (USD) to VWRL (GBP) in "kind" - I would need to sell VWRD and buy VWRL.
Also not sure how the $250K limit applies. I mean, you are not moving money to India and then wiring money out of India to IBKR, right ?
Assuming the bill does NOT come into effect before Apr next year, I thought your plan could be : Relocate to India in say Dec 2025. You notify IBKR of the India address immediately (Say Jan 2026). In 2026 you are fully non resident in US. In \[2026-2027\] financial year you are RNOR in India. You sell your VTI in IBKR in April 2026 without any tax liability. Convert USD to GBP in IBKR and buy VUAG ETF. So you dont remit to India at all.
Are there are some restrictions when it comes to IBKR India that I am not aware of ?
If the bill gets passed rightaway then of course we cant do anything. Thanks

Hi! We automatically convert your balance to the currency you're paying in, so there's no need to buy or exchange currency before your trip. We won't combine multiple currencies to complete a transaction.
When you make a payment in-app, we'll check your currency balances in the below order (and complete the transaction in the first currency that has enough funds to complete the transaction):
-Transaction currency
-Your base currency (GBP)
-Next active currency with enough balance
Please refer here for more information: https://help.revolut.com/help/card-payments-withdrawals/spending-abroad-or-in-different-currencies/. In case of further doubt, we'd recommend reaching out to our support team via the in-app chat (Profile>Help>Topic>Chat) to get further assistance with this.

I use Soulver 3 for tracking anything related to finance.
[https://soulver.app/](https://soulver.app/)
[https://documentation.soulver.app/](https://documentation.soulver.app/)

Here's an example of USD/GBP Tracking
https://preview.redd.it/8dzrqhifry1f1.png?width=1962&format=png&auto=webp&s=d50b5ff438d27774f28880c1462416428eebfd32

calculations:
**# FX Impact Example**
starting\_netliq = $1 000
pnl = $50
currency\_loss = starting\_netliq − starting\_netliq in GBP on January 1 of 2025
currency\_loss is what % of starting\_netliq
total\_pnl = pnl + currency\_loss
pnl is what % of starting\_netliq

I think it’s a nuanced question. For me it is lower as I invest in British pounds. The same would be true for a Euro investor. The GBP all time high is around £89k and we are at £78k now. If you invest USD then I guess it doesn’t matter although arguably inflation has devalued the buying power of that market cap in USD so you can say it is effectively lower.

Whether US or UK stocks perform better going forward, if you are UK based, it surely makes sense to have at least some UK stocks to protect yourself from exchange rate risk? For example, if GBP increases in value against USD, even if your US stocks go up, the value in GBP might still go down.

Because when you swap Bitcoin for ETH you've realised you bitcoin gains making the profit taxable. The fact you didn't realise your gains in GBP is immaterial otherwise everyone could avoid taxes by paying people in foreign currencies.

I was searching for robotics stocks but ended up coming across Spectris, which first grabbed my attention because of the chart. It's currently trading 13% above its 52-week low, so I see some positive momentum building. Spectris supplies measuring instruments for research and industrial applications. Their sales are spread across Asia (36%), Europe (32%), and North America (27%).
I pulled some numbers from TradingView and the company’s financial reports. I know some metrics are open to subjective interpretation, but I’ll share my take, and I’d love to hear yours too.
Here's a snapshot of financials (all in GBP):
**Market cap:** ‪2.03 billion
**Revenue:**
* **2023**: 1.45 billion
* **2024**: 1.29 billion
**Gross profit:**
* **2023**: 817 million
* **2024**: 680 million
**Net margin %:**
* **2023**: 10%
* **2024**: 18%
**Debt**:
* **2023**: 63 million
* **2024**: 731 million *(That debt jump looks huge at first, but I think I found the reason. Spectris made two acquisitions in 2024. One of them was Micromeritics Instrument Corporation for* £485M upfront*, plus up to £41M in deferred payments based on performance. They paid under 14x EBITDA, so it wasn’t cheap. This deal alone seems to explain most of the debt increase. On top of that, they also bought Piezocryst for* £112M*. Together, both deals total close to about £600M, which lines up with the rise in net debt to £626M. That puts things in context, unless I’m missing something?)*
**Cash & equivalents**:
* **2023**: 138 million
* **2024**: 105 million
**Current net debt**: 626 million
**EBITDA**:
* **2023**: 55 million
* **2024**: 154 million *(big improvement)*
**CapEx**:
* **2023**: -25 million
* **2024**: -52 million
**P/E ratio**: 8.96x *(Looks relatively cheap. For context, many competitors trade at much higher multiples: Renishaw at 19, Judges Scientific at 50, Veracyte at 69, and Intuitive Surgical at 82)*
**P/S ratio**: 1.61x
**Return on equity**: 17.33%
**Return on invested capital %**: 13.58% *(Generates stronger returns on invested capital than many of its competitors: Veracyte is at 2.8%, Becton, Dickinson and Company at 3.5%, Judges Scientific at 7%, and Hologic at 7.7%)*
**Debt to assets ratio**: 0.29 *(Returns look solid, valuation seems reasonable to me, but not sure how sustainable those ROE/ROIC numbers are with the current debt load.*
Now, some quick facts about their executive committee:
* **CEO**: appointed in 2018. He had a 30-year career with Rolls-Royce. Strong background, and he's been in charge during both ups and now a clear downtrend in revenue.
* **CFO**: appointed in 2024. Previously, she was a CFO at Royal Mail primary postal service in the United Kingdom. Interesting timing tbh, stepping in right as debt spiked and CapEx doubled. Will be important to watch how she manages the company’s financial discipline going forward.
* **President** **(Spectris Dynamics**): appointed in 2022. He had a 10-year career with Honeywell Corporation.
👉 **My takeaway**: the spike in debt is largely tied to two acquisitions, and the current valuation seems attractive given the fundamentals. Okay, revenue has dipped, but I believe in the long-term growth potential of Spectris. I'm planning to take a small position this week and hold for at least the next 9 months to see how the financials evolve. That said, I’m always open to a second opinion 😀 If there’s something I’ve overlooked or another angle to consider, I’d appreciate your perspective.