Pound under attack as debt worries grow

[DimPrawn]

‘Expect a test of 1.40 within a month and, as the global landscape turns ever more ugly on the back of deflation and sovereign debt concerns, a continuing flight to the US Dollar, taking Sterling down below 1.20 by the summer,’ Beecroft said.
...[/I]

Where is the "rubbing hands with glee" smiley?

[TimberWolf]

Good luck - it took me very long time to open such accounts (for business), onshore.

I've just created an International Personal Account with First Direct over the phone. It's what they describe as a holding account, which means no cheque book or credit card - transactions have to be done over the phone. I bought £20K of USD at 1.484 giving $29,680. Should have done it last week I expect it's a crappy exchange rate too, but that's small potatoes the way the pound could fall.