GBP collapse

[DimPrawn]

Do you think it is a good idea to open a USD denominated bank account (eg Cater Allen currency account) and stick a large sum of pounds into dollars?

Would this be a sensible thing to do as there word on the street is that the USD is going to make a comeback and the pound is going to sink?

[singhr]

The word on my street is 'No parking'

[Jeebo72]

Do you think it is a good idea to open a USD denominated bank account (eg Cater Allen currency account) and stick a large sum of pounds into dollars?

Would this be a sensible thing to do as there word on the street is that the USD is going to make a comeback and the pound is going to sink?

I do, but that's because I visit the US a lot anyway. There's some bad reviews around about USD too though...no one really knows but always good to hedge your bets.

[Mich the Tester]

euros?

[cojak]

The word on my street is 'No parking'

[Moscow Mule]

I have about 10% of company holdings in EUR.

It earns cock all interest but that's not really an issue these days when comapring to UK business accounts.

[TimberWolf]

Do you think it is a good idea to open a USD denominated bank account (eg Cater Allen currency account) and stick a large sum of pounds into dollars?

Would this be a sensible thing to do as there word on the street is that the USD is going to make a comeback and the pound is going to sink?

What's their interest rate and are there any restrictions/conditions to opening a USD account?

What about Euro's?

And what about buying safer shares like Tesco or BP too?

It will be interesting to see what will be most doomed: GBP, Euro, Dollar, shares, gold, property, etc. Converting to and fro between them isn't a cheap option either.

[AtW]

Get a balanced busket of currencies to hedge your risks and stop being a dirty currency spekulant - in Soviet Union they were giving 10-15 years for that

[TimberWolf]

The Pound has taken a bit of a pounding today.

[HairyArsedBloke]

Would this be a sensible thing to do as there word on the street is that the USD is going to make a comeback and the pound is going to sink?

I hear that the Macarena is going to make a comeback too.