GBPYEN is partly what got the battering and with both Current A/C and Budget Deficit bigger than US (as a percentage of GDP), coupled with an increasingly incredible government, I think Sterling is definitely set to lag US Dollar decline

The other currency that looks dodgy in this credit turmoil is the Kiwi and Dailyfx today has a technical piece on that. Certainly one can sell with a very tight stop (above the recent high) if one wants to get on board. Anybody got a view on this one?