Can you advise me, I am confused with regard the news that Sterling is weakening.
Excuse my ignorance on this matter. I understand that Sterling is going south, I also understand that if I had moved my STR into an alternative currency or Gold some time ago it may/would be worth more now, and that interest rates are very low so my STR is practically stagnant if not being eaten by inflation.
However, my funds are sat ready to purchase a property when the time is right, as we know property is going south – royal.
My question is, given that my STR is set aside to buy something that is deflating how does Sterling falling affect me?