Sterling making a recovery?

[marshmallow]

Sterling was close to parity with the euro at the end of last year but given the recent cuts by the BOE now seems to have back down to below the .88 mark. Does this mean that some kind of a recovery is underway, I wonder?

Am due to receive quite a large stg lumpsum next month and am wondering whether to hold onto it in case it strengthens again but know of course there is always the risk that it goes the other way. Any advice?

 

[UptheDeise]

Sterling is going in the same direction as the dollar. The BofE have just announced that they are going to bring in quantitative easing, aka, printing more money. This will further devalue the pound.