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Re: ls7550 post# 29510

Monday, 03/09/2009 2:05:31 PM

Monday, March 09, 2009 2:05:31 PM

Post# of 48320
Should have mentioned that for any US Dollar investors contemplating UK investments I'd suggest perhaps holding off for a while yet.

'Quantative easing' - or printing money is likely to drive the USD/UKP more closer to parity over the next year or so IMO.

It's a bit of a race as to who prints the most, my guess is that as we're in more of a bad state than the US that we'll win that race.

Get the timing right and you'll perhaps be able to benefit from a good yield and currency benefit (I believe historically long term the pound/dollar has typically ranged from near 1:1 up to 1:2)

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