Hello
Looks like the morons are going to cut rates. What's the best, easiest, most efficient way of shorting the pound? I want to replace any lost interest on my savings.

Borrow money and buy a house. This will give you a short position w.r.t. the pound. Unfortunately it also means taking up a long position in property!

No it won't.

Nothing would induce me to buy a house at the moment.

You could open an account with IG index, and short it there, its very easy to do.

Careful though. If they hold rates against expectations, I think the pound will probably gain a cent or two. I the minimum bet with IG is £1 per point, with each cent being equivalent to 100 points. So at £1 a point, a cent change will gain or lose you around a hundred pounds.

As these things move to quickly, it would be best to use a guaranteed stop level if the bet goes the wrong way.

If theres one thing I've learnt from spread betting, it's that nothing is as predictable as you think.

Good luck.

Buy physical uSD cash or similar un leaveraged so you cant get squeezed out....long term you know you'll cash in...

Good way is probably through a margin account at oanda.com.

Careful though. Currency speculation is just that. It's practically no different from going to the casino, and I think the casino is more fun.

Stay away from it (the currency speculation). Don't gamble away your STR fund.

You are showing classical signs of amateur speculator mistakes in your statement (sorry to be so blunt). You are assuming a market move on expected news. That's not gonna happen. Next month's interest rate cut was priced into the market two weeks ago. I bet you now that the £ will rise on the day of the MPC decision next month. A little bit if rates are cut and a lot if they are held.