On the plus side, the value of my largest holding, Vanguard Lifestrategy has seen a corresponding rise in price as the underlying holdings are priced in US dollars.
|GBP v USD (courtesy of fxtop.com)|
As I am more than happy with the 20% return from my VLS fund over recent months, I have decided to take profits from a part of my holding and have sold 25% of the fund which will now remain in cash awaiting developments.
|VLS 60 1 Yr Chart (click to enlarge)|
I know this is trying to second guess the markets - equity, bonds and currencies - but it just feels like a prudent step to lock-in some of the unexpected gains and leave the remainder to run.
I hope it turns out OK.