[BlowFish]

The pound has being weak for a while. The only currency it seems relatively strong against is the $. Perhaps its fairer to say the $ is "more weak". I have to say it is starting to concern me as most of my assets are in sterling. One of our major mortgage lenders announced yesterday that housing prices dropped 2.5% last month, the largest drop in 15 years, no surprise there. Of course the rate cut was pretty much anticipated and I would have guessed priced in. Worrying times and I think I should be paying closer attention to what the currencies are doing on a broader scale.