Many long term factors seem to be against Sterling holding up its current high exchange rate. Notably that the UK oil suppl;y is now dropping below consumption. Suddenly instead of selling oil to gain forex we will need to sell goods or services to pay for imports. As manufacturing is already moved overseas and call centers etc. begin to export service job too. Where will the forex come from to balance our payments in the near future? Surely this means Sterling must sink. Therefore is it now time to move a large part of my retirement savings into something like Yen where they have always had an economy able to balance without oil? Comments would be welcome
HM and co