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Gbp Sterling

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Some members on this board have said that the future for Sterling looks ugly and having just read an article in The Nation (copied from The Observer) it seems the future is nearly here. The article suggests that The Pound is now being sold quite heavily and has fallen over 6% against The Euro in the past month. The BOE is almost certainly going to cut rates in December or January since the UK has high exposure resulting from Sub Prime. The commentator suggested that the currency rot would set in sometime in early 2008.

I wonder what strategies other Brits have who are Thailand based to manage the currency fluctuations and a currency conversion rate that could conceivably hit, I don't know, say sub 60 Baht to the Pound? For my part I have fixed 60% of my GBP funds at 6.5% for two years. The remainder is available at short notice and due to a timing issue I currently have only minimal funds in Baht.

May we keep the focus on Pound Sterling and not USD please.

Flood control causes double posts it seems - can Mods please delete one or the other?

Edited by chiang mai

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