“Rock-bottom inflation and interest rates over the past decade helped smother swings in exchange rates. Deutsche Bank’s cvix index, a gauge of forex volatility, has been above its current level more than 90% of the time over the past 20 years. By contrast, the vix, which measures expected volatility for America’s s&p 500 index of stocks and is often used as a measure of overall market sentiment, has so far spent October at roughly its long-term average.” [src]
The following is not financial advice.
Sam Bowman who’s EA adjacent has written about this.
Wise actually has a bank account that you can invest in an index for UK customers only w/ 0.5% fees.
Note that investing in the stock market is generally seen as riskier than holding a major country’s currency.
Also inflation is unusually high and markets expect it to come down and currencies are unusually volatile currently:
“Rock-bottom inflation and interest rates over the past decade helped smother swings in exchange rates. Deutsche Bank’s cvix index, a gauge of forex volatility, has been above its current level more than 90% of the time over the past 20 years. By contrast, the vix, which measures expected volatility for America’s s&p 500 index of stocks and is often used as a measure of overall market sentiment, has so far spent October at roughly its long-term average.” [src]