Should investor portfolios still be denominated in sterling?

Peter Geikie-Cobb, fund manager, global fixed income, Thames River Capital There is currently a very strong case for investors to take a more global approach to how their portfolios are denominated by diversifying into non-sterling currencies, particularly the developing economies' currencies. The premise for this view is two-fold. Firstly, announcements on austerity measures are imminent and the impact of significant fiscal policy decisions is likely to be quite severe on the UK economy. The possibility of further quantitative easing by the Monetary Policy Committee and the Bank of ...