I was reading "The Daily Telegraph " today and there is an article which is very negative about the prospects for £ in 2008. I would have thought that the Czech and Slovak Reps are excellent places to benefit from a likely weakening £ as Czech interest rates are already low and any prospect of them rising would benefit the Czech crown. The Polish zloty is also at all time highs against the £ benefiting earlier buyers of Polish assetts likewise but there interest rates are higher anyway and more loans are in euros. Can anyone comment on prospects for

1. The Romanian RON

2. The euro- Quite a complex call because Spain and Ireland are overheating and facing a credit crunch even worse than the UK, but Germany has the opposite problem and has almost negligable property inflation