Pressure on sterling means now is a good time for overseas holdings

There is no escaping the fact we are in for a prolonged period of economic and currency weakness in ...

There is no escaping the fact we are in for a prolonged period of economic and currency weakness in the UK. As the market pauses for breath following co-ordinated initiatives to support the banking system, investors have returned their attentions to economic data. At the time of writing, UK consumer price inflation looks to have peaked at 5.2% in September, some three percentage points above the Bank of England's 2.0% target and marking a fresh 16-year year high. Industrial production is weak, the three-month GDP estimate is -0.2%, house price data remains poor and unemployment is increasin...