You can hedge your GBP exposure.Some food for thought there, thank you.
I'm not working this weekend, so I'll have another read through it and then go digging.
The basic premise of being in short term AAA bonds being better than sitting in cash makes sense on first glance. I think we have another significant decline coming in equities, so if I really believe that then it would be silly to buy more of my positions now... I should wait to get them at a discount.
However, I see it as quite soon, so I wouldnt be in cash long. Then again, if I'm sitting in GBP and it tanks, I have less purchasing power when it comes to purchasing assets priced it a currency that it depreciated against...
I'll be back