http://socialize.morningstar.com/NewSocialize/blogs/groundhog/default.aspxDiscussion about the merits of investing in UK ADRsenCommunityServer 2008 SP1 (Build: 30619.63)http://socialize.morningstar.com/NewSocialize/blogs/groundhog/archive/2008/06/15/Barclays-and-RBS.aspxSun, 15 Jun 2008 19:12:02 GMT30c6ca6e-72d0-4918-b5f9-d2ac565bc50b:2528756Groundhog5http://socialize.morningstar.com/NewSocialize/blogs/groundhog/rsscomments.aspx?PostID=2528756http://socialize.morningstar.com/NewSocialize/blogs/groundhog/archive/2008/06/15/Barclays-and-RBS.aspx#commentsWe are looking at investing in Barclays and/or RBS ADRs.&nbsp; We believe strongly in the past and future performance of both, particularly since RBS has done their Rights Issue and Barclays will either follow suite or do a private placement to shore up its capital reserve.&nbsp; Our fear is that in investing in either, we&#39;re also betting on the exchange rate -- dollar to pound.&nbsp; Our sense is that the pound is likely at a peak against the dollar, particularly as interest rates increase here.&nbsp; Any views would be welcome.&nbsp; Groundhog<div style="clear:both;"></div><img src="http://socialize.morningstar.com/NewSocialize/aggbug.aspx?PostID=2528756" width="1" height="1">