Time to think about UK currency risk?

It’s when you go on holiday that you’re hit by the cost of weak sterling. I’m old enough to remember when my father came home with Deutschemarks for a family trip on the continent — and got 11 to the pound.In euros, that would be 5.5. This week’s actual rate is about 1.18. This isn’t simply a story of the UK’s relative economic decline because many things affect exchange rates, not least the fact that the pound was overvalued in the mid-1960s when it started plummeting.But..