The falling pound

[goji]

I see 2 separate reasons for investing abroad.

1 Currency Risk. For this, even investments listed in London, but holding overseas assets, such as some of the Asian unit trusts and investment trusts will tend to track the underlying overseas investments. Therefore protecting against falls in sterling. As has been seen in the last 6 months.

2 Major economic risk, leading to currency controls. In the past, the UK has had restrictions on taking money out of the country. Iceland had them from the 2008 crisis until recently. China has some restrictions on the amount that can be moved out of the country in one year. For this, accounts located overseas seem necessary to me.