I thought this may a good place to post this question as UK stocks have been discussed here due to the devaluation of the dollar.

There's now alot of discussion about the pound devaluing due to the UKs poor fiscal position and will do so either due to lack of confidence in the bond market (budget in November) or because they'll have to print money and inflate obligations away.

Currency is not something I usually spend too much time thinking about as I just want to buy decent companies and sit on my hands, however, also being aware of the overvaluation of the US market and the fact I'd have to bring funds back home into £'s if sold im thinking im better off sitting out the next 6 months fully invested.

Im 35% Alphabet 50% Chinese ADRs and HK (all doing nicely) recently remaining 15% is smaller US/UK positions.

As Munger says sometimes its best "to do nothing"