David Coombs: Sterling - where do we go from here?

‘In the know’

clock • 3 min read

From the Caribbean to Costa, David Coombs arrived back from holiday just in time for another lurch downward for the pound. Here he explains why currency moves will be crucial to investment returns in January

Checking out of our hotel in the Grenadines a few weeks back, my wife and I were offered to settle in Eastern Caribbean dollars, US dollars or sterling. The sterling/greenback rate offered was $1.15, so our trusted Post Office credit card settled in US dollars, naturally, at a much better rate. Mind you, by the time we got back to the UK, $1.15 could have looked good, such is the volatility in our beloved pound thanks to our decisive Parliament … #Don'tBeRidiculous. So the agenda was set for my first day back when Will and I had our Costa catch-up; 45 minutes later we had planned our hed...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Managed solutions

Reliance on others: The key to reducing risk and improving compliance

Reliance on others: The key to reducing risk and improving compliance

Key differences between reliance on others and agent as client

Nick Walker
clock 01 August 2024 • 3 min read
The top recommended MPS investments so far this year

The top recommended MPS investments so far this year

Defaqto data shows change in the top ten

Jen Frost
clock 23 July 2024 • 2 min read
Consumer Duty has not pushed advisers away from model portfolios

Consumer Duty has not pushed advisers away from model portfolios

‘I was using MPS before Consumer Duty was introduced’

Isabel Baxter
clock 17 July 2024 • 1 min read